The process of converting input (raw materials) into output (goods and services).

• Production

• Productivity

The amount of output that can be produced based on the given level of input.

• Production

• Productivity

What are the factors of production?

• Primary, Secondary, Tertiary

• Land, Labour, Capital, Enterprise

• Subsistence, Domestic, Surplus

What are the levels of production?

• Primary, Secondary, Tertiary

• Land, Labour, Capital, Enterprise

• Subsistence, Domestic, Surplus

What are the types of production?

• Primary, Secondary, Tertiary

• Land, Labour, Capital, Enterprise

• Subsistence, Domestic, Surplus

The mental and physical contribution of people to the production process is referred to as

• Land

• Labour

• Capital

• Enterprise

A volume of output that is produced locally and where surplus is used within the local community is described as production at the

• Surplus

  Level

• Domestic

  Level

• Subsistence

  Level

• Frugal

  Level

Transferring raw materials into finished goods is known as

• Tertiary

  Production

• Secondary

  Production

• Primary

  Production

• Domestic

  Production

Which TWO are examples of Tertiary Production?

• Banking

• Mining

• Fishing

• Car Factory

• Hairdressing

A country which has a domestic production level only means citizens can experience low standards of living.

• TRUE

• FALSE