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 Form 1 business studies revision questions and answers set 1

List four benefits that a subsistence producer may get by participating in trade

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Answer Text:
-Earns profit
-Makes one being his/her own boss
-Gets what he/she cannot produce
-Enjoys a wide variety of goods and services
-Makes better use of extra time
-May get new technology to improve production
-Fulfils social responsibilities by creating job opportunities


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