Define the meaning and aim of production. (W) key concept - Production Production-Production is ...

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Define the meaning and aim of production.
(W)
key concept - Production
Production-Production is the process of combining factors of production to produce goods and services.

Aim- The aim of Production is to produce goods and services to fullfill human needs. There are four requirements for production of goods and services. Land, Labour, physical lapital, and numan capital.
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