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The creation of goods and services to satisfy human wants is referred to as?

Commerce
JAMB 2011

The creation of goods and services to satisfy human wants is referred to as?

  • A. manufacturing
  • B. commercialization
  • C. production
  • D. entrepreneurship
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Correct Answer: Option C
Explanation

Production is the organised activity of transforming resources into finished products in the form of goods and services

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