QUESTION 1 1.1 Answer the following questions:
1.1.1 From the four factors of production, which one is the engine behind
production process?
(1)
1.1.2 Expenditure by business on capital goods is known as what?
(1).
1.1.3 Uneven distribution of natural resources often leads to countries trading
with one another, explain how.
1.1.4 Educated and trained workers tend to be more productive in any working
environment, explain what productivity means.
(2)
1.1.5 Why is capital formation important to the South African economy? (6)
[12]
ESTION 2
(2)​

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