Production :- Production is the act of making things, in particular the act of making products that will be traded or sold commercially.
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Production decisions concentrate on what goods to produce, how to produce them, the costs of producing them, and optimizing the mix of resource inputs used in their production.
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The inputs or resources used in the production process . The inputs are usually grouped into four or five categories. These factors are:
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Production is simply the conversion of inputs into outputs. It is an economic process that uses resources to create a commodity that is suitable for exchange. This can include manufacturing, storing, shipping, and packaging.
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