What is the actual mean of production.and what kind of process r going on production field

Question

Accepted Answer

Production refers to the process of creating goods or services through various activities and operations.

Production involves transforming raw materials or inputs into finished products or services.
It includes activities such as manufacturing, assembly, packaging, and quality control.
Production processes can vary depending on the industry and product, such as mass production, batch production, or custom production.
Efficiency, quality, and cost-effectiveness are important considerations in production.
Examples of production processes include car manufacturing, food processing, and software development.

Accepted Answer

Production is the 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. The area of economics that focuses on production is referred to as production theory, which is intertwined with the consumption (or consumer) theory of economics.

What is the actual mean of production.and what kind of process r going on production field

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