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What is Production?

{xtypo_quote}production is the act of creating 'use' value or 'utility' that can satisfy a want or need{xtypo_quote}

Production is the process that creates a product.A product, that is the outcome of production, is a valuable commodity or service.

Production can be whereby factors of production (land,labour,capital and enterprise) are used to convert raw material into goods. The production of services may only involve labour /capital, example, massage services.

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