How do production and exchange plays a very important role in our daily life
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Answer as human wants are unlimited and these can be satisfied by goods and services, thes goods and searvices are produced then distributed and then sold to the final consumers. This is done throuh means of exchan i.e. Money. production distribution and consumption are a part of economy.
agriculture and industry are involved in production
wholesale an retail are involved in distribution
consumers consume these goods or services
they play important role as they are the activities involved in daily life. We produce, distribute n consume Goods and services
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