Production refers to _______.

(a)

destruction of utility

(b)

creation of utilities

(c)

exchange value

(d)

none of these

Utilities are in the nature of _______.

(a)

form utility

(b)

time utility

(c)

place utility

(d)

all of these

_______is carried out by extractive industries.

(a)

secondary production

(b)

primary production

(c)

tertiary production

(d)

service production

Primary factors are _______.

(a)

land, capital

(b)

capital, labour

(c)

land, labour

(d)

none of these

The entrepreneur is also called _______.

(a)

exchanger

(b)

Agent

(c)

organizer

(d)

communicator