Production

Commerce SSS1 First Term

WEEK 4

Production

Performance Objectives

The student should be able to:

1. 1. Explain the meaning of Production and types of Industry (Primary & Secondary).
   2. Explain what Commerce entails
   3. Describe the involvement of the Service/Tertiary (Direct & Indirect) industry in the production process.

Content

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   

                                        Production

                                                                       

 

 Industry                                Commerce                                     Service (Tertiary)

 

     

…