Which of the following is a condition necessary
Few sellers and buyers
Free entry and exist
Homogeneous goods
Lack of preferential treatment
Many callers and buyers
Correct answer is A
No explanation has been provided for this answer.
The solution to problem of how to produce in a capitalist economy is solved by
Combining aid labour means of production
The producers involves
Using capital Intensive method of production
Using labour intensive method of production
Using the method of production with the least cost
Correct answer is B
No explanation has been provided for this answer.
Branding and packaging of goods is the function of
Brokers
Consumers
Manufacturers
Retailers
Wholesalers
Correct answer is C
No explanation has been provided for this answer.
Which of the following is NOT a contribution of agriculture to industrial development?
Provision of food for the industrial sector
Provision of funds for industrial development
Provision of raw materials
Supply of labour to the industrial sector
Supply of machinery to the industrial sector
Correct answer is E
The industrial sector is made up of businesses that aid other businesses in manufacturing, shipping, or producing their products.
The agricultural sector does not supply machinery to the industrial sector, rather they get their machinery from the industrial sector.
The creation of physical and concrete goods that can be seen and handled is
Diminishing returns
Division of labour
Industrialization
Production
Specialization
Correct answer is D
No explanation has been provided for this answer.