Economy, asked by devenmawlong8, 8 months ago

what is meant by production 40 to 50 words

Answers

Answered by dagarmukesh456

Production is a process of combining various material inputs and immaterial inputs (plans, know-how) in order to make something for consumption (output). It is the act of creating an output, a good or service which has value and contributes to the utility of individuals.

Previous Question

Next Question

Similar questions

Social Sciences, 3 months ago

In what ways are the work of the panchayat, that you read about in the chapter, and the work of the patwari related to each other?

Biology, 3 months ago

4. While cutting onions our tears start flowing ...

English, 3 months ago

explain varius types of public enterprises b.com firest year question...

Math, 8 months ago

ABC is a triangle in which be and CF are respectively,perpendicular to the sides AC and AC .If BE=CF,prove that∆ABC is isosceles...

Physics, 8 months ago