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Economics IGCSEPDF 9
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Theory/Structured Questions
Influences on Quantity: Investment by firms (e.g., building a new factory). Total savings by
individuals in a country.
Influences on Quality:Technological advances, which improve the efficiency of machinery.
Process innovation and moving towards automated production.
Influences on Quantity: Discovery of new natural resources (e.g., new oil fields). New
government regulations that increase usable land/resources (e.g., deregulation of fracking).
Influences on Quality:Soil type and fertility. Weather and climate conditions.
Labour
Influences on Quantity:Demographic changes (positive net birth rate, migration). Retirement
age, school leaving age, and the attitude of women towards work.
Influences on Quality:Education and training, which lead to better skills and higher
productivity.Experience.
Capital
•
The dock is fixed to a specific location and cannot be moved from
one geographical area to another.
Influences on Quantity:Education that fosters entrepreneurial skills (risk-taking, innovation). Low
corporate taxes and favourable business regulations.
Influences on Quality:Education and skills, including knowledge of how to organise resources.
•
. This improves the knowledge, skills, and qualifications of
workers, making them more productive.
•
. This helps to equip workers with the necessary skills to
operate new technology or switch occupations.
Enterprise
Q. Explain why a large, purpose-built shipping dock would be considered a
geographically immobile factor of production, but an occupationally mobile one.
Geographically Immobile:
Q. State two ways in which the quality of a country's labour force can be improved.
Increased spending oneducation
Provision of training schemes