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 Form 1 Business Studies online video lessons on production

Advantages of indirect or commercial) production

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Answer Text:
Advantages of indirect (commercial) production.
-Leads to creation of employment due to specialization.
-Sale of surplus goods hence generating revenue for the business owners.
-Government obtains revenue through taxation.
-Improves standards of living as people enjoy a variety of goods and services.
-Offers a variety of goods and services to the consumers.
-promotes the development of advanced technology.
-Leads to effective utilization of economic resources.
-Encourages creativity and innovations.


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