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1. The Circular Flow Model of the Economy: a.According to the textbook, why are economic resources also called Factors of Production?Explain. 2 Marks b.What are
1.The Circular Flow Model of the Economy:
a.According to the textbook, why are economic resources also called "Factors of Production"?Explain. 2 Marks
b.What are the four general categories of economic resources that companies need? List each one. 4 Marks
c.Using Tim Hortons provide an example of each type. 4 Marks
How can a country improve the quality of its human resources(labour)?
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