Which of the following is considered production in economics?
A
Saving a child from drowning in a river.
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B
Doctor examining a patient for a fee.
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C
Boating in a lake for recreation.
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D
Painting a picture for pleasure.
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Solution
The correct option is C Doctor examining a patient for a fee. Doctor examining a patient for a fee is considered production in economics; other are recreation/leisure activities and would not result in production.