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HomeCIE IGCSE EconomicsFactors of production
CIE · IGCSE · Economics

Factors of production
Practice Questions

20 CIE IGCSE Economics questions on Factors of production, each with instant feedback and a full examiner-style mark scheme.

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✨ Revision guide includes key terms, worked examples and exam technique for Factors of production.

Try 2 sample questions on Factors of production

Question 1 · 1 mark · Difficulty 1/3

A Vietnamese coffee farmer uses a new irrigation system to improve crop yields. Which factor of production does the irrigation system represent?

  1. Land
  2. Labour
  3. Capital
  4. Enterprise
Show answer & explanation
✓ Answer: CCapital
Award 1 mark for recognising that machinery and equipment used in production are capital goods. A is incorrect — land refers to natural resources. B is incorrect — labour is human effort. D is incorrect — enterprise is the organisation and risk-taking function.
Question 2 · 1 mark · Difficulty 1/3

Which of the following is the reward received by an entrepreneur for organising the other factors of production?

  1. Wages
  2. Rent
  3. Interest
  4. Profit
Show answer & explanation
✓ Answer: DProfit
Award 1 mark for identifying profit as the reward to entrepreneurs. A is incorrect — wages are the reward for labour. B is incorrect — rent is the reward for land. C is incorrect — interest is the reward for capital.
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20 questions · 25 min · free

CIE IGCSE Economics: Factors of production FAQ

How many CIE IGCSE Economics questions on Factors of production are there on Kramizo?
Kramizo currently has 20 exam-board-aligned practice questions on Factors of production for CIE IGCSE Economics, with new questions added every week. Each question gives you instant feedback and a full examiner-style mark scheme that tells you exactly what would earn marks on a real CIE paper. The questions span the full difficulty range — from straightforward recall (level 1) right up to multi-step reasoning and evaluation (level 3) — so the bank works for first-pass revision and final exam-week stress testing alike.
Is Kramizo free for CIE IGCSE students preparing for Economics?
Yes — completely free. Every student gets 45 questions a day on the free plan, with no card required and no trial countdown. That free quota works across every subject and every topic in our bank, so you can mix Factors of production practice with other Economics topics or even switch to a totally different CIE subject without paying anything. Kramizo's optional Pro plan removes the daily cap and adds detailed progress analytics, but the free tier is the real product — used by thousands of GCSE, IGCSE and CSEC students.
Are the Factors of production questions aligned to the official CIE IGCSE Economics syllabus?
Every question is written against the published CIE IGCSE Economics specification, including the exact command words (state, describe, explain, calculate, evaluate, etc.), mark allocations, and difficulty tier you'd see on a real CIE paper. Explanations are written in the style of official examiner mark schemes — they tell you what is being awarded marks and why distractors are wrong, not just whether you got it right. The bank is continually refined to match the latest syllabus updates from CIE.
How is Factors of production typically tested on CIE IGCSE Economics papers?
Factors of production appears across multiple question types on real CIE IGCSE Economics papers — most commonly as multiple-choice questions in the objective section, structured short-answer questions in the main paper, and occasionally as part of an extended response. Kramizo's practice bank reflects that mix: 4-option MCQs, true/false statements, fill-in-the-blank key terms, multi-select questions, and ordering questions. Working through the bank gives you exposure to every question style examiners actually use.

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