please give m the definitions of production, consumption,distribution, exchange and investment?
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production is the process of combining various materials input in order to make something for consumption.
Consumption is the process in which the substance of a thing is completely destroyed used up transformed into something else.
Distribution means the act of apportioning by a court the personal of an intestate.
Open,organized marketplace where buyers and sellers negotiate prices is exchange.
Investment means money commited or property acquired for future income.Hope this helps you !!
Consumption is the process in which the substance of a thing is completely destroyed used up transformed into something else.
Distribution means the act of apportioning by a court the personal of an intestate.
Open,organized marketplace where buyers and sellers negotiate prices is exchange.
Investment means money commited or property acquired for future income.Hope this helps you !!
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production is a process of combining various material input and inmaterial inputs in order to make something.
consuption- The process in which the substance of a thing is completly destroyed used up or incorporated or transformed into something else.
Destribution - It means to spread the product throughout the market place such that a large no of people can buy it.
Exchange- To give and recieve recoprocally interchange.
consuption- The process in which the substance of a thing is completly destroyed used up or incorporated or transformed into something else.
Destribution - It means to spread the product throughout the market place such that a large no of people can buy it.
Exchange- To give and recieve recoprocally interchange.
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