Question

Define production. explain the role of labour in production .​

Answer 1

It is the act of creating output, a good or service which has value and contributes to the utility of individuals.[1] 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

It is an activity that falls under primary sectors in which natural resources are being exploited for creating goods and services. This process is called production.

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