Production methods
What Production methods means in Economics GCSE, as defined for AQA.
Definitions of Production methods
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Reference: AQA
The choice of how to produce involves the methods and combinations of factors of production used, such as labour-intensive methods versus capital-intensive machinery.
The choice of how to produce, such as labour-intensive techniques employing many workers or capital-intensive methods using automated machinery.
Topics that use Production methods
- Economic activity (AQA GCSE)
Related terms
- Basic economic problem
- Circular flow of income
- Consumers
- Distribution of wealth and income
- Economic agents
- Economic welfare
- Goods
- Government
Using Production methods in the exam
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