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2.1 The role of markets

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Question 14

A region has specialised in manufacturing ceramic tiles. The table shows data about this industry.

MeasureValue
Average production cost per square metre in the region£18.40
Average production cost per square metre in other UK regions£21.10
Employment in the region's ceramic tile manufacturers4,800 workers
Employment in local firms supplying the tile manufacturers1,600 workers
Forecast change in orders received by the region's tile manufacturers−20%

Using the data, explain one benefit to producers from this regional specialisation and how the forecast change in orders may affect employment in the region.

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Markscheme

2.1 The role of markets Questions

  1. GCSE
  2. /Economics
  3. /2.1 The role of markets

76 exam-style questions on OCR GCSE Economics 2.1 The role of markets, covering 2.1.1 What is a market, 2.1.2 Primary, secondary and tertiary sectors, 2.1.3 Factor and product markets, and 2.1.4 Specialisation and exchange. Each one has a worked solution and a mark scheme showing where the marks go.

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