Question

_______is an activity that involves making
of goods and services that a person needs.​

Answer 1

Answer:

Production is an activity that involves making of goods and services that a person needs.

Explanation:

•Production activities involve the making of goods and services for the consumers in the market. •The people who are involved with production of goods and services are termed as 'producers'.

The process of production requires various factors which are used in the production of goods. The input factors which are involved in production of goods are capital, land, labor, entrepreneurs and other resources like raw materials and more.

•The inputs of production are added in different combinations for producing the goods and services for the people in the economy.  The finished goods are distributed through the various channels of distribution for reaching the final end users

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Answer 2

Production

Explanation:

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