What are the Four factors of production?

The four factors of production are Capital, Land, labour and Enterprise/EntrreprenurshipAn easy way to remember this is with the anagram CELL.

GJ

Related Economics GCSE answers

All answers ▸

Analyse how an increase in wages could cause inflation.


Analyse the impact that an increase in interest rates would have on employment in the UK.


With reference to a poverty trap (poverty cycle), explain how “investing in human development is crucial to ... reducing poverty”


Explain how a fall in interest rates can affect total spending in the economy.