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JAMB Economics 1989 Question 44

Question 44

Theory of Production

The group of people engaged in banking or insurance services by occupational distributions are classified as

  1. A.primary producers
  2. B.secondary producers
  3. C.tertiary producers
  4. D.technical producers.
Show the answer and explanation

Answer: C (tertiary producers)

Explanation

Banking and insurance are services, so people working in them are in tertiary production.