Theory question 104
OccupationCommerce 2 (answer five questions)
(a) What is production?
(b) Explain the different activities involved in industrial, commercial and service occupations.
Show the model answer
(a) Production is the creation of goods and services to satisfy human wants, including everything done until they reach the final consumer.
(b) Industrial occupations: extractive (farming, fishing, mining, lumbering, hunting) – taking resources from nature; manufacturing – changing raw materials into finished goods (e.g. textiles, cement); construction – building houses, roads, bridges.
Commercial occupations: trade – home trade (wholesale, retail) and foreign trade (import, export, entrepot); aids to trade – transport, banking, insurance, warehousing, communication, advertising.
Service occupations: direct services – personal services rendered directly to people (doctors, teachers, lawyers, barbers); indirect services – services to the community paid by government (police, soldiers, civil servants).
Give examples for each group.