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Business Studies

Industrial Products and Characteristics of Industrial Products

In economics ...

Question

In economics _________ are treated as units of production.

A

households

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B

government

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C

firms

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D

all of the above

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Solution

The correct option is A firms
Firms are treated as units of production whereas households are treated as units of consumption. Firms are treated as units of production since they help to produce goods and render services in an economy.

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