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1.1 Main economic groups and factors of production

1.1 Main economic groups and factors of production

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Question 4

Arun rents a workshop, buys tools and employs a mechanic to start a mobile bicycle-repair service, although he does not know how many customers will book repairs. Explain, using an example from the context, what is meant by enterprise.

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Markscheme

1.1 Main economic groups and factors of production Questions

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

29 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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