Question

Which of the following are considered as production activities?

• A. A farmer growing wheat in his field
• B. Haircutting service at a salon
• C. A consumer buying wheat and having a haircut
• D. A scientist doing research in a lab

Answer 1

Answer: (A), (B), (D)

A scientist doing research in a lab

Producers manufacture goods through the production process. The farmer is a producer as he is producing wheat, the barber and the scientist are involved in services. The consumer buying wheat and availing services is a part of the consumption process.