Question
The basic object of all production is to
Answer: Option B
Answer: (b)
According to Adam Smith, consumption is the sole end and purpose of all production. The goal of production is the satisfaction of human desire.
All the processes, by which human labour creates goods and services, bring them to the ultimate consumer.
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Answer: (b)
According to Adam Smith, consumption is the sole end and purpose of all production. The goal of production is the satisfaction of human desire.
All the processes, by which human labour creates goods and services, bring them to the ultimate consumer.
Was this answer helpful ?
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