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PRODUCTION ANALYSIS

PRODUCTION ANALYSIS cover image
PRODUCTION ANALYSIS cover image PRODUCTION ANALYSIS cover image PRODUCTION ANALYSIS cover image
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by: Thomas Hunter
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Publication Date: February 25, 2019
Book Size: 8.27" x 11.69"
Pages: 215
Binding: Perfect Bound
$34.33

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Book Synopsis
Production is a process of combining various material inputs and immaterial inputs (plans, know-how) in order to make something for consumption (the output). It is the act of creating an output, a good or service which has value and contributes to the utility of individuals.Economic well-being is created in a production process, meaning all economic activities that aim directly or indirectly to satisfy human wants and needs. The degree to which the needs are satisfied is often accepted as a measure of economic well-being. In production there are two features which explain increasing economic well-being. They are improving quality-price-ratio of goods and services and increasing incomes from growing and more efficient market production.
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