A-LevelEconomicsBasic economic ideas and resource allocation9708/12 · May/June 2023 · Q11 Mark

Which factor of production is needed first in order to set up a new business?

Acapital

Benterprise

Clabour

Dland

✓ Correct answer

B: enterprise

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Topic: Basic economic ideas and resource allocation, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source: A-Level Economics, May/June 2023 Paper 1 Variant 2, question 1.

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