what is production? tell the answer i will mark you as Brainliest
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Production means to make goods or provide services for the people. People require goods for their survival. So the entrepreneur makes use of land, labour, and capital to produce goods which the people need and want. The goods are produced according to the income of the people. The rent is paid on the land and wages is paid to the labour for contributing to the production process.
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Answer :-
- Production is the action of manufacturing (or) making some object/thing
Ex :- The company manufactures toys.
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