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WAEC Economics 2004 Question 3

Question 3

Theory of Production

The three broad categories of production are

  1. A.direct, secondary and extractive
  2. B.primary, tertiary and direct
  3. C.primary, secondary and tertiary
  4. D.secondary, primary and indirect
Show the answer and explanation

Answer: C (primary, secondary and tertiary)

Explanation

Production is grouped into primary (extractive), secondary (manufacturing, construction) and tertiary (services).