Question

what do you mean by production and consumption.​

Answer 1

Explanation:

Consumption: is the process of using goods or services by deriving utility from it and thereby satisfying our wants. Production: is an activity undertaken, where raw materials are converterd into a finished good with the use of factors of production such as land, labour etc.

hope it's help you

Answer 2

$Answer:-$

Consumption: is the process of using goods or services by deriving utility from it and thereby satisfying our wants. Production: is an activity undertaken, where raw materials are converterd into a finished good with the use of factors of production such as land, labour etc.