Production

Re: Production

Hi

the act of producing; the act of being produced; the total amount produced; the presentation of a theatrical work; an occasion or activity made more complicated than necessary; that which is manufactured or is ready for manufacturing in volume (as opposed to a prototype or conceptual model)

Thanks

Re: Production

Hi

# the act or process of producing something; "Shakespeare's production of poetry was enormous"; "the production of white blood cells"
# a presentation for the stage or screen or radio or television; "have you seen the new production of Hamlet?"
# product: an artifact that has been created by someone or some process; "they improve their product every year"; "they export most of their agricultural production"
# (law) the act of exhibiting in a court of law; "the appellate court demanded the production of all documents"
# output: the quantity of something (as a commodity) that is created (usually within a given period of time); "production was up in the second quarter"
# a display that is exaggerated or unduly complicated; "she tends to make a big production out of nothing"
# (economics) manufacturing or mining or growing something (usually in large quantities) for sale; "he introduced more efficient methods of production"
# the creation of value or wealth by producing goods and services

Thanks

Re: Production

Hi
Production means the development and creation of goods and services using resources to stimulate exchange. It is the physical output of a manufacturing or service company. Production involves three processes – raw materials, work in process and finished goods.

Means of production refer to the concept which combines the means of labor and the subject of labor. Means of labor simply means all the things which requires labor to transform it. Subject of labor means the material to work on. Production, therefore, is the combined resources and equipment needed to come up with goods or services.
Resources of Production

First, it is important to delve on the resources of production. Agrarian industries require soil and shovel to produce, while industrial companies require factories. The resources of production pertains to the things used to create commodities.

Thanks

Re: Production

Production refers to the economic process of converting of inputs into outputs. Production uses resources to create a good or service that is suitable for exchange. This can include manufacturing, storing, shipping, and packaging. Some economists define production broadly as all economic activity other than consumption. They see every commercial activity other than the final purchase as some form of production.

Production is a process, and as such it occurs through time and space. Because it is a flow concept, production is measured as a “rate of output per period of time”. There are three aspects to production processes:

1. the quantity of the good or service produced,
2. the form of the good or service created,
3. the temporal and spatial distribution of the good or service produced.

A production process can be defined as any activity that increases the similarity between the pattern of demand for goods and services, and the quantity, form, shape, size, length and distribution of these goods and services available to the market place.