Question

What is the meaning and aim of production?
What is the importance of Green Revolution for the Indian economy?​

Answer 1

Answer:

Production is the process of combining factors of production to produce goods and services. ... The aim of production is to produce the goods and services to satisfy human wants. There are four requirements for production of goods and services: Land, Labour, Physical capital and human capital.

By agricultural development through productivity growth such as the Green Revolution, rural income can be raised and rural poverty be alleviated. Therefore the Green Revolution can contribute to the overall economic development through creating a market in rural areas for non-agricultural products and services.