PRODUCTION ASSIGNMENT

QUESTIONS

(a)Distinguish between production and division of labour.

(b)Describe the factors of production giving the reward for each factor.

 QN

(a)Distinguish between production and utility.

(b)Describe the different forms of utility.

(c)Explain the types of production.

 QN

What do you understand by the following? Giving examples in each case

(i)Extractive industry

(ii)Manufacturing industry

(iii)Constructive industry

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