Скачать или смотреть Production: Activities included in Production | Quickest & Easiest Explanation in Hindi

“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 any activity directed to the satisfaction of other peoples’ wants through exchange”. This definition makes it clear that, in economics, we do not treat the mere making of things as production. What is made must be designed to satisfy wants.



Production : Meaning of Production , Process of Production , Activities included in Production


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