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What is the meaning of production?

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What is the meaning of production?

Posted by Vaidehi Sharma 5 years, 7 months ago

CBSE > Class 09 > Social Science

1 answers

Yogita Ingle 5 years, 7 months ago

Production is the process of creating various goods and services, which are consumed by the people of a country. It is process in which some materials are transformed from one form to another. Things utilised in the production process are called inputs or factors of production and the things obtained from the process are called outputs.

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