Q) what is production ?
Answers
Answer:
The making or growing of something, especially in large quantities
Hope It Help you
Answer:
Production is a process of combining various material inputs and immaterial inputs (plans, know-how) in order to make something for consumption (output). It is the act of creating an output, a good or service which has value and contributes to the utility of individuals.
Stages
Film Production is created in 5 phases: development, pre-production, production, post-production, and distribution. Each phase has a different purpose, with the overarching goal to get to the next one, and ultimately on to distribution. Each stage varies in length, and different roles suit different stages.
Cost
In economics, the cost of production is defined as the expenditures incurred to obtain the factors of production such as labor, land, and capital, that are needed in the production process of a product.
Globalization
Globalization is transforming the ways in which nations interact. National economies become integrated as the flow of goods and capital across borders expands. Thus, it may alter the location of economic activity inside countries
Units
The unit of production method is a method of calculating the depreciation of the value of an asset over time. ... This method often results in greater deductions being taken for depreciation in years when the asset is heavily used, which can then offset periods when the equipment experiences less use