MCQ practice · SSC Bangladesh and Global Studies Board questions · Chapter 10: The National Resources and the Economic Systems
What does production mean?
Think it through first, then pick an option.
- a transformation of resources
- b creation of goods
- c creation of utility
- d goods to fulfil wants
Answer and explanation
Correct answer: a transformation of resources
The book's definition: transforming goods or resources from one condition to another is production.
Why the other options are wrong
- b creation of goods: Creation of goods is not the book's definition; its word is transformation.
- c creation of utility: Creation of utility is not the book's definition; utility is a separate idea.
- d goods to fulfil wants: Goods to fulfil wants are the aim of production, not its definition.
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