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Meaning of production.
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[QUOTE="KIP254, post: 73651, member: 26881"] Production is an activity that results in the creation of goods and services for the satisfaction of human wants or needs. Human wants are satisfied through the provision of goods and services required. Production of goods entails the process of changing a commodity from its raw form to the final product until it is ready for consumption. Production also involves creation of services such as teaching, entertainment, emergency services and transportation. For example, production of tea starts with farmers planting and picking tea leaves and taking them to the factory to be processed for both local and international consumption. Therefore production is the movement or changing the form of goods from raw form to final product which is delivered to consumers for consumption. [/QUOTE]
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