Which of the following enables people to consume a variety of goods and services?
Labour
Capital
Land
Exchange
Correct answer is D
No explanation has been provided for this answer.
Which of the following refers to all the resources used in creating utilities?
Fixed capital
Factors of production
Enterpreneurship
Labour
Correct answer is B
No explanation has been provided for this answer.
Which of the following brings about specialization?
Recruitment of staff
Division of labour
Business resource
Employer of labour
Correct answer is B
No explanation has been provided for this answer.
The goods that are used for the production of other goods are known as
commercial goods
consumer goods
capital goods
non-durable
Correct answer is C
No explanation has been provided for this answer.
A shoe repairer is engaged in a
service occupation
manufacturing
extractive occupation
commercial occupation
Correct answer is A
No explanation has been provided for this answer.