(a) What is production?
(b) Illustrate with a labeled diagram the main divisions and subdivisions of production.
(b) Illustrate with a labeled diagram the main divisions and subdivisions of production.
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
Correct Answer: Option
Explanation:
(a) Production is the transformation of raw materials into finished goods and distribution to the consumers to satisfy their wants. It involves the making of goods and services to satisfy human wants. Production can also be defined as the act of making goods and services available to the public, i.e creation of utility.
(a) Production is the transformation of raw materials into finished goods and distribution to the consumers to satisfy their wants. It involves the making of goods and services to satisfy human wants. Production can also be defined as the act of making goods and services available to the public, i.e creation of utility.