what is meant by input ? class 11th chp. production ....economics
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Input: The data which is given to a computer. Process: Work done by the computer according to instruction given. Information: The processed data is called as Information. It is meaningful. Output: The information which is given by the computer is called as Output
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In economics, factors of production, resources, or inputs are what is used in the production process to produce output—that is, finished goods and services. The utilized amounts of the various inputs determine the quantity of output according to the relationship called the production function.
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