Production (economics) - Wikipedia The most important forms of production include market production, public production and household production In order to understand the origin of economic well-being, we must understand these three production processes
production noun - Definition, pictures, pronunciation and usage notes . . . Definition of production noun from the Oxford Advanced Learner's Dictionary [uncountable] the process of growing or making food, goods or materials, especially large quantities The new plant is due to begin production next year Production of the new aircraft will start next year
Production: Meaning, Definition, Types and Factors Production is an important economic activity It results in the output (creation) of an enormous variety of economic goods and services Production of a commodity or service requires the use of certain resources or factors of production