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WAEC Economics 2000 Question 3

Question 3

Theory of Production

Basic extractive activities are classified as

  1. A.manufacturing production
  2. B.tertiary production
  3. C.secondary production
  4. D.primary production.
Show the answer and explanation

Answer: D (primary production.)

Explanation

Extractive activities such as farming, fishing, mining and lumbering take resources straight from nature, which is primary production.