Commerce SSS1 First Term
The student should be able to:
- Explain the meaning of Production and types of Industry (Primary & Secondary).
- Explain what Commerce entails
- Describe the involvement of the Service/Tertiary (Direct & Indirect) industry in the production process.
There are several definitions of Production but the most comprehensive one will be discussed. Production can be defined as the transformation of raw materials into finished goods and their distributions to the consumers to satisfy their wants.
Diagram Representation of Production
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