Question

what is consumption and what is production?
Plz tell I will mark as brainliest

Answer 1

consumption and production is about "the use of services and related products, which respond to basic needs and bring a better quality of life while minimizing the use of natural resources and toxic materials as well as the emissions of waste and pollutants ...

Answer 2

Consumption is possible only when production is done. We buy food to satisfy our need to eat. So we grow food, change them into product and seller sells it for profit.

Production is a process to make a product using four factors of production.Land , labor, capital and entrepreneur....

Production and consumption are two economic activities in a country and in the whole world....



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