The Function of an Econony Exercise
1
ECON1 The Economy Answer all the questions below 1. With regards to the Factors of Production explain a. Labour b. Land c. Capital d. Entrepreneurship 2. What is the reward for each of these factors? a. Labour b. Land c. Capital d. Entrepreneurship 3. Using examples draw a chart to illustrate all sectors of the economy 4. What is a market? 5. Outline the economic actors WWW.AQUINASECONOMICSAS.CO.UK @AQUINASECONOMIC
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Transcript of The Function of an Econony Exercise
ECON1
The EconomyAnswer all the questions below
1. With regards to the Factors of Production explaina. Labourb. Landc. Capitald. Entrepreneurship
2. What is the reward for each of these factors?a. Labourb. Landc. Capitald. Entrepreneurship
3. Using examples draw a chart to illustrate all sectors of the economy4. What is a market?5. Outline the economic actors
WWW.AQUINASECONOMICSAS.CO.UK@AQUINASECONOMIC
