Question 15
Theory of ProductionWhich of the following may not be included in explaining the term production?
- A.Provision of services
- B.manufacture of goods
- C.Changing raw materials to finished goods
- D.Use of consumer goods
- E.Making goods available where and when they are needed.
Show the answer and explanation
Answer: D (Use of consumer goods)
Explanation
Using up goods is consumption, not production.