Production refers to______
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I think it is B. Creation of utility
"Production is the creation of utility."- this is a true statement. Utility refers to the want-satisfying power of a commodity or a service. 2:Production refers to a process of manufacturing commodities or rendering services which in turn provides satisfaction to human wants.
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Answer:
Creation of utility
Explanation:
Production is an economic activity involving the production of goods as well as creation of new things.
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