Question

Production and its importancein the field.Of economic

Answer 1

Production is one of the many essential aspects of an economy and a business that economics gets pretty thoroughly wrong, mostly by oversimplification and great naivete about inputs, production, labor, technologies, markets, sales, transportation costs and options, energy costs and sources, supply chain in and out, pricing strategies, decision-making, etc.. It’s take on market research, which it’s often influenced far too much, only makes the research expensive, slow, trivial in it’s answers, and very unreliable or useless in it’s conclusions.