WorksheetsOCR GCSE Economics - 1.1 - Economic Groups & Factors of Prod
Total questions: 10
Worksheet time: 5mins
What definition is correct for consumers?
A person or organisation that directly uses a good or service
Someone who might use a good or service
A person or group that is interested in using a good or service
What does interdependence mean?
It is where one or more groups respond to the actions of another group
It is where one group responds to the actions of another group
It is where multiple groups respond to the actions of another group
What is meant by the term 'government'?
A group of people that has the power to run a country
A group of people who run a country or state
What is a producer?
They supply goods and services
They give goods and services
They buy goods and services from the public
What are the four factors of production?
Land, capital, needs and wants
Land, labour, capital and enterprise
Water, air, food and shelter
Land, capital, goods and services
Which of these is an example of a service?
Cereal
Bus journey
Table
Handbags
Which of these is an example of a good?
Train journey
Haircut
Mobile phone
Education
What does the term 'interdependence' mean?
Where one group relies on another group
Where one group creates a relationship with another group
Where one group responds to the action of another group
What factor of production's function is it to make decisions and take risks?
Capital
Enterprise
Land
Labour
What is meant by 'labour' in economics?
Hard physical work used to produce manufactured goods
Human mental and physical efforts used for producing goods and services
Natural resources used in the productive process
Risk taking and organising the factors production
