Question

2/a Distinguish between production cost and extraction cost​

Answer 1

Answer:

Explanation:

→ Production means ' the act or process of producing something .’ E.g. Shakespeare's production of dramas was enormous .

→ A presentation for the stage , screen , radio or television is also known as production .E.g. Have you seen new production of Hamlet ?

→ Production stands for ' any produce created or processed by someone .’ E.g. My friend Mr Indra Kant Jha exports most of his agricultural production .

→ Extraction means ' draw out , pull out , take out .’ E.g. Iron is extracted from its ores .