Production is not complete until the

Assessment: WAEC SSCE - Economics - 1993 (Objective) Subject: Economics

Question 1 Report

Production is not complete until the
Answer Details
The statement "Production is not complete until the goods reached the final consumer" is correct. Production involves the creation of goods or services by combining various factors of production, such as labor, capital, and raw materials. However, the ultimate goal of production is to satisfy the needs and wants of consumers. Therefore, production is not considered complete until the goods or services have reached the final consumer and have been consumed or used for their intended purpose. The production process involves various stages, including manufacturing, packaging, transportation, and distribution, all of which are geared towards getting the goods to the final consumer. So, the final stage of production is when the goods have reached the hands of the consumers and have been used or consumed.

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