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1.1 Main economic groups and factors of production

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Question 12

A manufacturer produces glass bottles using silica sand extracted from a quarry. At its factory, 18 workers operate a furnace, bottle-forming machines and a conveyor system. The firm's owner decides the factory's output targets and may lose the personal savings invested in the business if sales are lower than expected.

Analyse why the manufacturer needs all four factors of production to make its glass bottles.

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1.1 Main economic groups and factors of production Questions

  1. GCSE
  2. /Economics
  3. /1.1 Main economic groups and factors of production

77 exam-style questions on OCR GCSE Economics 1.1 Main economic groups and factors of production, covering 1.1.1 Role of main economic groups and 1.1.2 Factors of production. Each one has a worked solution and a mark scheme showing where the marks go.

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