Define production. write the history of production management.
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The rate of thing produced
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Production is the process of making finished goods from raw materials. The history of production management dates back to late 18th century. Over the years various systems have been developed for the same. In 1776, Adam Smith formulated the theory that production would be more effective if there was division of labor and each person worked on a single component of the system rather than on the product itself from the start to the end. This gave way to the rising and using of interchangeable parts in the following century. In the 20th century, assembly line manufacturing was introduced.
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