Economy, asked by devenmawlong8, 6 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.

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