As Aqa Economics Paper 1 Section 1 Study Guide Questions And Correct Answers

Labour {Ans: All potential work force but not just their physical selves but their skills and abilities}Need {Ans: Something that must be satisfied if people are to survive}Factors of Production {Ans: Number of different resources available for production.}Land {Ans: Goods such as minerals, land itself and the resources we take from the world}Economic Activity {Ans: amount of money generated in the UK}Enterprise {Ans: Individuals who organise production and take risks}