what do you mean by organisation of production
Answers
Answer:
There are a range of inputs that are used in the production of goods or services. ... organization of production is basically making arrangements, controlling, coordinating and managing the production in order to get desired results and outputs.
Answer:
Organisation of Production
The main aim of production is to produce goods and services, which require four essential components.
Land and other natural resources such as water, forests, minerals
Labour
Physical Capital such as tools, machines, buildings, raw materials and money
A variety of raw materials are required during the process of production, such as the yarn used by the weaver and clay used by the potter. Money is also essential during production and both of them in hand are called working capital. The fourth requirement is knowledge and enterprise to be able to put together land, labour and physical capital and produce an output. The factors of production are combining of land, labour, physical capital and human capital.