WAEC Economics 2018 Objective — Question 29
Question 29 of 50 from the West African Examinations Council (WAEC) Economics 2018 Objective paper, with the correct answer and a full explanation.
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An industry is described as a group of firms
- A. that provides jobs for many people
- B. which uses advance technology in production
- C. which produces similar productsCorrect
- D. that provides jobs for few people
Explanation
An industry consists of a group of firms producing similar (identical or closely related) products.
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