Business Studies, asked by jokerman1498, 1 year ago

What is mean by pattern production in manufacturing industry?

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Answered by Yashika853649
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Production is a process of combining various material 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 has value and contributes to the utility of individuals.

Economic well-being is created in a production process, meaning all economic activities that aim directly or indirectly to satisfy human wants and needs.


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