Which of the following is not a branch of production?
Answer Details
The branch of "consumption" is not a branch of production. Consumption refers to the act of using or consuming goods and services to satisfy human needs and wants. On the other hand, production refers to the creation or provision of goods and services to meet human needs and wants. The other options, namely extraction, manufacturing, distribution, and direct services, are all branches of production. Extraction involves the gathering or mining of natural resources, manufacturing involves the transformation of raw materials into finished goods, distribution involves the movement of goods from producers to consumers, and direct services involve the provision of intangible services directly to consumers.