Question 56
Basic Agricultural EconomicsWhich of the following statements is not correct about agricultural production?
- A.Production is incomplete until the goods get to the consumer
- B.Production also includes provision of services
- C.Distribution, wholesale and retail trades are all part of production
- D.Production deals with the provision of services on the farm
- E.Production is restricted to the availability of commodity only.
Show the answer and explanation
Answer: E (Production is restricted to the availability of commodity only.)
Explanation
Production includes services and distribution, not only physical goods.