Economics GCSE
Factors of Production
What Factors of Production means in Economics GCSE, as defined for Pearson Edexcel.
Definition of Factors of Production
The inputs used in the production of goods and services: land, labour, capital, and enterprise.
Topics that use Factors of Production
- The economic problem (Pearson Edexcel GCSE)
Related terms
Using Factors of Production in the exam
Definition questions usually carry one or two marks, and examiners look for the precise wording. Write the definition from memory, check it against the version above, and then use the term in a longer answer on the same topic so it sticks.
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