Question on: JAMB Economics - 2024
An industry engaged in the extraction of raw materials and its conversion into semi-finished goods is called industry.
A
mining
B
manufacturing
C
processing
D
conversion
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Correct Option: C
The question describes the transformation of raw materials into semi-finished goods.
- Processing: This industry transforms raw materials into intermediate or semi-finished products.
- Mining: Involves the extraction of raw materials.
- Manufacturing: Transforms raw or semi-finished goods into finished products.
- Conversion: Too broad and not specific to this industry type.
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