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question_answer Discussion Board for a Question on Quiz: Economics (WAEC 2002)

50 Questions · Public · Objective · Quiz suitable for all ages

50 Click Here To Discuss Question

Production covers all but one of the following activities:

Select 1 Option (1 Mks)
  • changing the position of a good in time as, for example, holding stock of goods until they are required
  • changing the form of a good from the raw material to the finished product
  • changing the situation of a good as for example , from a factory in Lagos to a retail shop in port harcourt
  • the use of good and services to satisfy individual wants
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