Define producion process
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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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Production requires.....
- The input of raw materials....
- Then their processing and making
- Then the packing of finished goods
- Then their Transporation to the market....
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