Quelpr
1 markEconomic Factors of Production

CSEC Agricultural Science · May/June 2008 · Paper 2 · Question 2(a)

A poultry farmer decides to increase the number of birds to take advantage of economies of scale and needs capital.

State ONE economic factor of production, OTHER THAN capital.

The mark scheme is shown once you've answered.

Practise this question

Other parts of this question

  1. 2(b)Working capital is one type of capital in agricultural business. Name the OTHER type of capital.[1 mark]
  2. 2(c)Give TWO reasons to show how acquiring capital allows the farmer to improve business profitability through economies of scale.[2 marks]

More practice: the rest of this paper · more Economic Factors of Production questions · all CSEC Agricultural Science past papers