Overview
Defining: - Production and - Division of labour - Specialization - Exchange. Classifying production. Listing factors of production. Explaining the interrelationship among: production division of labour specialization exchange.
What you'll learn
- Meaning:
- Production and division of labour;
- Specialization
- Exchange.
- Classification of production Primary
- • Industry extractive manufacturing construction Secondary Trade;
- Aids to trade
- Tertiary
- Direct and indirect.