Types of Production - SS1 Economics Past Questions and Answers - page 1
Which type of production involves extracting raw materials from nature?
Extractive production
Manufacturing production
Service production
All of the above
Which type of production involves transforming raw materials into finished products?
Extractive production
Manufacturing production
Service production
All of the above
Which type of production involves providing intangible services to customers?
Extractive production
Manufacturing production
Service production
All of the above
Which type of production involves assembling cars?
Extractive production
Manufacturing production
Service production
All of the above
Which type of production involves fishing?
Extractive production
Manufacturing production
Service production
All of the above
Define Primary production.
Primary and extractive production involves the production of crops and livestock for human consumption or other uses. It involves extracting raw materials from nature, such as mining, forestry, and fishing.
Give an example of service production.
Examples of services produced could be healthcare, education, or consulting.