Exercise I 1. Define: a) PRODUCTIVITY b) FACTORS OF PRODUCTION c) GOODS d) DURABLE GOODS e)...

 

Transcribed Image Text:

Exercise I 1. Define: a) PRODUCTIVITY b) FACTORS OF PRODUCTION c) GOODS d) DURABLE GOODS e) SERVICES f) PRIMARY PRODUCTION g) SECONDARY PRODUCTION h) TERTIARY PRODUCTION 2. Label the diagram below with the appropriate words from the lesson: The Economy used to produce Exercise I 1. Define: a) PRODUCTIVITY b) FACTORS OF PRODUCTION c) GOODS d) DURABLE GOODS e) SERVICES f) PRIMARY PRODUCTION g) SECONDARY PRODUCTION h) TERTIARY PRODUCTION 2. Label the diagram below with the appropriate words from the lesson: The Economy used to produce

Answer rating: 100% (QA)

Productivity is the measure of the efficiency of a production process Factors ... View the full answer