Question

What is production? (Entrepeneurship 12th)

Answer 1

Explanation:

❥ʜᴇʏᴀ ᴍᴀᴛᴇ ʜᴇƦᴇ ɪS ʏᴏᴜƦ ᴀɴSᴡᴇƦ :

➻ 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.

❥ʜᴏᴘᴇ ɪᴛ ʜᴇᴘʟS ᴜʜ.......◉‿◉❥

Answer 2

Answer:

Production is the organised activity of transforming resources into finished products in the form of goods and services; the objective of production is to satisfy the demand for such transformed resources”.

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