The types of production are listed below: Primary Production This type of production deals with how raw materials are extracted from the earth and seas. E.g. farming, fishing and mining. Secondary production This involves transformation of the extracted raw material into finished goods. Tertiary production For production to be complete, the process must as a …
Production is the process of transforming raw materials into finished goods, including the distribution and provision f. goods and services to satisfy human requirements. Production is said to be incomplete until goods produced get to the final consumers. Goods are said to be of two types namely – capital goods Such as machines, cars, raw …
Factors that determines People’s choice of occupation are: Better salaries and other fringe benefits Rare talent Country’s level of development. Climatic conditions Government policy (i.e. political factors) Level of education and training. Facilities put in place. Technical know-how. Life ambition and opportunities.
Occupation may be grouped into different categories. Extractive occupation: This is the type of occupation whose activities are directly engaged in the extraction of natural resources of nature from the earth or sea. The various products of nature extracted from the soil or earth or sea. The various products of nature extracted from the soil …
Occupation is a way of earning, aimed at sustaining one’s living. That is to say that occupation is whatever a man engages himself in order. to earn a living. It is one’s profession.
Here are the factors that led to the growth of commerce: Availability of warehousing. Development of efficient transportation and communication network. Development of insurance companies and other financial institution. Promotion of goods and services through the development of advertising. Development of modern production technique.