Extract 1: Harbour food market Fishers sell their catch to a processing firm. The firm employs workers to prepare frozen meals, which are sold by online retailers to households. A regional college offers training for processing workers.
| Activity | Workers | Weekly output |
|---|---|---|
| Fishing | 70 | 21 tonnes |
| Processing | 110 | 32,000 meals |
| Online retail and delivery | 85 | 28,000 orders |
Explain what is meant by a market.
Using Extract 1, identify two tertiary-sector activities.
Analyse the interdependence of factor and product markets in this example.
State two possible benefits of exchange to households.
Explain one benefit of specialisation to the processing firm.
Evaluate whether the region should encourage greater specialisation in food processing.
28 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.