What is the main aim of production what are its requirements?
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It is the act of creating an output, a good or service which has value and contributes to the utility of individuals. Economic well-being is created in a production process, meaning all economic activities that aim directly or indirectly to satisfy human wants and needs.
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Main aim of the production is to produce the better products..
It's requirements r the land ,labour physical capital and working capital...
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