In inputs → production process → outputs, what role do factors of production play?
They are the demand - customers’ willingness to buy outputs.
They are the process - activities that transform resources.
They are the inputs - resources used to produce outputs.
They are the outputs - goods and services produced.
Flashcards for Edexcel IGCSE Business Factors of production, covering the key terms, formulae and case studies you need to recall for Paper 1 and Paper 2. 22 cards, matched to the Edexcel IGCSE Business (4BS1) specification.
