Question

define meaning and aim of production​

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). ... Economic well-being is created in a production process, meaning all economic activities that aim directly or indirectly to satisfy human wants and needs.

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Answer 2

Answer:

Producing the goods and services for economic use is called production.

The main aim of the production is to produce the goods and services that we want.

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