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WAEC Economics 1993 Question 17

Question 17

Theory of Production

Production is not complete until the

  1. A.goods get to the wholesalers
  2. B.goods reach the final consumer
  3. C.factors of production are combined
  4. D.goods are ready for transportation
  5. E.wholesalers ask the firms to produce.
Show the answer and explanation

Answer: B (goods reach the final consumer)

Explanation

Production ends only when goods reach the final consumer.