O-LevelEconomicsThe basic economic problem2281/11 · May/June 2020 · Q21 Mark
What is the function of the factors of production in an economy?
Ato make goods and services to fulfil wants and needs
Bto provide an even distribution of income
Cto provide tax income for the government
Dto reduce the existence of external costs
✓ Correct answer
A: to make goods and services to fulfil wants and needs
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