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“Production is the organised activity of transforming resources into finished products in the form of goods and services; the objective of production is to satisfy the demand for such transformed resources”.
Production is the process of combining various inputs, both material (such as metal, wood, glass, or plastics) and immaterial (such as plans, or knowledge) in order to create output. Ideally this output will be a good or service which has value and contributes to the utility of individuals. [1] .
PRODUCTION definition: 1. the process of making or growing goods to be sold: 2. the amount of something that is made or…. Learn more.
The meaning of PRODUCTION is something produced : product. How to use production in a sentence.
We now know the meaning of production, that production creates or adds utility. There are various processes through which we can achieve the aim of utility creation or addition to ultimately satisfy human wants.
Jan 17, 2021 · Production in Economics can be defined as an organised activity of transforming physical inputs (resources) into outputs (finished products), which will satisfy the products’ needs of the society.
PRODUCTION meaning: 1. the process of making or growing goods to be sold: 2. the amount of something that is made or…. Learn more.
Production is the process of organizing and preparing a play, film, programme, or CD, in order to present it to the public. During the film's production, the director wanted to shoot a riot scene. She is head of the production company.
Production definition: the act of producing; creation; manufacture.. See examples of PRODUCTION used in a sentence.
Definition of production noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
