Question

defference between purchase and production ?

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Answer 1

Answer:

purchase is when we exchange any movable goods for price . On the contrary, production is the process of changing the raw material into finished goods by adding utility to it.

Explanation:

purchase is when we exchange any movable goods for price . On the contrary, production is the process of changing the raw material into finished goods by adding utility to it.

purchase starts after the goods are produced i.e. after production whereas production is done before exchange i.e. purchase of finished goods by the ultimate consumers.

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Answer 2

Answer:

purchase means something purchasing from any one production means something development