Economics: Forms of Production
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Questions and Answers

What is the primary purpose of secondary production?

  • To extract raw materials from natural resources
  • To refine crude oil into petroleum
  • To transform raw materials into semi and final goods (correct)
  • To provide services for the satisfaction of given needs
  • Which of the following is an example of primary production?

  • Providing medical services to patients
  • Transforming crude oil into petroleum
  • Converting maize into flour
  • Extracting crude oil from the land (correct)
  • What is the main characteristic of tertiary production?

  • It extracts raw materials from natural resources
  • It provides services for the satisfaction of given needs (correct)
  • It involves the transformation of raw materials into physical products
  • It produces semi and final goods
  • Which of the following is not a characteristic of secondary production?

    <p>It provides services for the satisfaction of given needs</p> Signup and view all the answers

    Which of the following is an example of secondary production?

    <p>Converting maize into flour</p> Signup and view all the answers

    What is the correct order of production forms?

    <p>Primary, secondary, tertiary</p> Signup and view all the answers

    Study Notes

    Forms of Production

    • Production can be classified into three main forms: primary, secondary, and tertiary production.

    Primary Production

    • Also known as Extractive Production.
    • Involves deriving outputs from natural endowments such as land or sea.
    • Examples: extraction of crude oil from the land or sea, farming activities, mining, etc.

    Secondary Production

    • Also known as Manufacturing Production.
    • Involves transforming outputs from primary production or raw materials into semi and final goods.
    • Produces physical products only.
    • Examples: crude oil transformed into Petroleum, Diesel, Kerosene, and other Petrochemicals; maize converted to flour, etc.

    Tertiary Production

    • Involves rendering services for the satisfaction of given needs.
    • Examples: services rendered by doctors, teachers, lawyers, and others.

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    Description

    This quiz covers the classification of production into three forms: primary, secondary, and tertiary production. Learn about the different types of production and their examples.

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