What is meant by the term production?

1.	What is meant by the term production?
Answer» Production in common language means making, creating, growing and manufacturing. But in economics, the term production refers to the creation of utilities and not to the creation of matter. Factors are pairs of 96 numbers which, if multiplied together, give the original number. The number 96 is a composite number.

Answer»

Production in common language means making, creating, growing and manufacturing. But in economics, the term production refers to the creation of utilities and not to the creation of matter.

Factors are pairs of 96 numbers which, if multiplied together, give the original number. The number 96 is a composite number.

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What is meant by the term production?

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