What is production explain with example
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Production is the process of making, harvesting or creating something or the amount of something that was made or harvested. An example of production is the creation of furniture. An example of production is harvesting corn to eat. An example of production is the amount of corn produced.
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Production is a process of combining various material inputs and immaterial inputs (plans, ... In production there are two features which explain increasing economic well-being. They are improving ... Productivity gains are distributed, for example, to customers as lower product sales prices or to staff as higher income pay.
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