WAEC Economics 1993 Question 15

Question 15

Theory of Production

Which of the following may not be included in explaining the term production?

  1. A.Provision of services
  2. B.manufacture of goods
  3. C.Changing raw materials to finished goods
  4. D.Use of consumer goods
  5. 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.