WAEC Commerce 2026 Theory question 102

Theory question 102

Production

(a) Define division of labour.
(b) State three features of capital.
(c) Explain the following occupations giving four examples of each: (i) extraction; ii manufacturing

Show the model answer
Model answer

(a) Division of labour is breaking a production process into separate tasks, with each worker or group doing one task.
(b) Any three: man-made; supply can be increased; reward is interest; depreciates (wears out) over time; mobile; used to produce other goods; results from saving.
(c)(i) Extraction: obtaining natural resources from land, water or air. Examples (any four): farming, fishing, mining, quarrying, oil drilling, hunting, lumbering.
(ii) Manufacturing: changing raw materials into finished or semi-finished goods. Examples (any four): textile making, brewing, cement making, car assembly, food processing, furniture making, soap making.

Explanation

Give a definition before the examples in (c).