Examkin

Soru

Zorluk: ZorMeaning and Types of Production

In economic theory, storing harvested agricultural produce in a warehouse to preserve its quality until market demand rises during the off-season creates form utility and is therefore classified as secondary production.

Cevap: Cevap

Cevap

The statement is False. Storing agricultural produce creates time utility and belongs to tertiary production, not secondary production.
The statement is false because storing agricultural produce without altering its physical nature does not create form utility. Instead, warehousing provides time utility by making produce available during scarcity periods. Consequently, storage is a commercial distribution service falling under tertiary production, not secondary production.

Adım Adım Çözüm

1
Analyze the type of utility created by warehousing agricultural produce.
Holding produce in a warehouse until the off-peak season makes goods available when consumers need them later, creating time utility.
Time utility is generated by storing items until a future period of higher demand or scarcity.
2
Classify the economic sector corresponding to time utility and commercial storage services.
Warehousing and distribution services form part of the tertiary sector (commercial services).
Secondary production is confined to processing, manufacturing, and construction activities that alter the physical shape or form of raw materials (creating form utility).

Anahtar Kavram

Classification of Production Types and Economic Utilities
Tahmini Süre:1m 30s
Bu soruyu puanla

Konular

Meaning and Types of Production

Bu konudan daha fazla soru