Question

Which of the following cannot be classified as an auxiliary to trade?

(a) Mining
(b) Insurance
(c) Warehousing
(d) Transport​

Answer 1

mining cannot be classified as an auxiliary to trade.

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Answer 2

Answer:

(a) Mining

Explanation:

Mining cannot be regarded as a support activity for commerce. This is so because it really serves as the foundation for commerce rather than facilitating it. Due to the fact that it includes the exploitation of natural resources, mining is categorized as a primary industry.

Extraction of usable resources from the ground is known as mining. Mined materials include coal, gold, and iron ore, to name a few. The raw material used to make iron is called iron ore.

Mining has existed since the ancient era. Flint was initially mined by prehistoric humans because it splits into shards with sharp edges, making it perfect for tools and weapons. Gold and copper have both been mined from the beginning of time.

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