Question

Production refers to______​

Answer 1

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 2

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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