what is production ?
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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 (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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Answered by
0
Answer:
Production is a process of combining
various material inputs and immaterial inputs
in order to make something for consumption
(the 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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