Provision of services is classified under

Assessment: WAEC SSCE - Economics - 1999 (Objective) Subject: Economics

Question 1 Report

Provision of services is classified under
Answer Details
The provision of services is classified under tertiary production. Tertiary production, also known as the service sector, involves the production and delivery of services to individuals and businesses. Services can be intangible products, such as healthcare, education, transportation, and financial services, among others. In contrast to primary and secondary production, which involve the production of tangible goods, tertiary production is all about providing a service. The service sector is a crucial part of most modern economies, and it is often the largest contributor to economic growth and employment.

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