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1.1 Main economic groups and factors of production

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Question 6

Maya decides to stage a new play with her small theatre company. She books a town-centre hall for a two-week run, hires stage lighting and arranges for the actors and stage crew to rehearse together in the hall. She pays for all of this from her own savings before any tickets go on sale. Explain, using an example from the context, what is meant by enterprise.

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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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