JAMB Commerce 2007 Objective — Question 34

Question 34 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2007 Objective paper, with the correct answer and a full explanation.

The creation of utilities to satisfy human wants is referred to as

A. industrialization
B. consumption
C. occupation
D. productionCorrect

Explanation

Production is defined as all activities that create utility, i.e. satisfy human wants.

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