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Master Every IGCSE Business Term
Here is your curated interactive database of 120+ syllabus-exact definitions with application hints to secure top marks in Paper 1 and Paper 2.
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Unit 1
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Factors of Production
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The resources needed to produce goods or services. They are divided into four categories: land, labour, capital, and enterprise.
E.g., An oven used in a bakery counts as physical capital.
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Question 1
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The resources needed to produce goods or services. They are divided into four categories: land, labour, capital, and enterprise.