Question

1. What is production? Give an example.
in the language of economics​

Answer 1

Answer:

Production is a process of combining various material inputs and immaterial inputs (plans, know-how) in order to make something for consumption (output). It is the act of creating an output, a good or service which has value and contributes to the utility of individuals.

Answer 2

Answer:

The action of making or manufacturing from components or raw material or the process of being so manufactured .

Explanation:

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