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Evaluation

1.Read on different ways of creating utility of a product.

2.Distinguish the various types of utilities e.g time utility,form utility,place utility and possession utility.

3.Justify the need for production in the economy.

4.Create utility in any product of your choice.

Reflection

IMAGINE AN ECONOMY WITHOUT PRODUCTION?

HOW MANY THINGS WILL BE IMPOSSIBLE?

Case Study:DURING AGRARIAN PERIOD AND INDUSTRIALISATION PERIOD

A farmer before agrarian period did not have tools and machinery to work.During industrialization a farmer is endowed with machinery and current technology to produce quality and sufficient quantity.

As a farmer identify the challenges faced without technology  or equipments

Reading Activity: Importance of utility