(a) What is production?

(b) Illustrate with a labeled diagram the main divisions and subdivisions of production. 
 

(a) Mention four types of co-operative societies.

(b) State two distinguishing features and two functions of each type mentioned in 2(a) above.
 

(a) Define a bill of exchange.

(b) State six essential features of a bill of exchange.

(c) List the parties to a bill of exchange.