Social Sciences, asked by 2511sunny, 1 year ago

what do you know about the production process

Answers

Answered by akhlaka
1
Production is a process of combining various materials inputs and immaterial inputs ( plans, know-how) in order to make something for consumption ( the output ). It is the act of creating output, a good or service which as value and contributes to the utility of individuals.

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Answered by rinku67
1
in simple words we can say that
production is the creation of utility.
there are various factors of production
1. land
2.Labour
3.capital
4.management
5.enterprise
if these five elements of production works together the process of production will occur

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