igcse economics level O (Susan Grant)

The economic resources of land, labour, capital and enterprise

(a)  

Answer explanation

It covers any natural resource which is used in production

• Enterprise

• Capital

• Labour

• Land

Is Willingness and ability to bear uncertain risk and to make decision in a business.

(a)  

Most .... is occupationally mobile this means that it can be used for a number of purposes.

• Factor of production

• capital

• land

• labour

Some workers may find it difficult to move from one area of the country to another, or from one country to another. Some may find it difficult to switch from one type of job to another type.

• Geographical immobility & occupational immobility

• Labour & Occupationally mobile

• Lack of information

• Capital & Enterprise

Some types of capital goods can be transferred from one part of the country to another is called?

• Mobility of capital

• Immobility of capital

• capital to capital

• capital to mobility land

It's often necessary to obtain a work visa to work in another country and these can be limited in supply.

• Restrictions on the movement of worker

• Differences in the price and availability of housing in different area and country

• Family ties

• Difference in educational systems in different areas and countries

An Increase in (...) including labour productivity is a major cause of an increase in a country's output

• population

• productivity

• structure

• input

(...) is the value of the extra capital goods made.

• gross investement

• investement

• net investement

• depreciation

The mobility of enterprise depends on the mobility of (...)

(a)