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3.5. Firms and production

Syllabus
0455–2027–2028
Topic
3.5
Level
—

3.5.1—Demand for factors of production

  • influences to include demand for the product, the price of different factors of production, their availability and their productivity

3.5.2—Labour-intensive and capital-intensive production

  • reasons for adopting the different forms of production
  • advantages and disadvantages of the different forms of production

3.5.3—Production and productivity

  • the difference between production and productivity
  • influences on production and productivity
  • effects of changes in investment on productivity

Objective notes

3 learning objectives
ConceptIGCSE Economics