Talk:Production (economics)
Latest comment: 11 years ago by Lawrencekhoo in topic Propose merge to Output (economics)
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Untitled edit
In economics, production is the act of satisfying a want or need.[1) Seriously? Satisfying a want/need is production? So, eating is production? Honestly!
Production must involve applying resources. This application/usage must involve some effort. The effort/process is what creates use/place/time value or utility. The outcome of this effort is what then satisfies the need/want.
Production is the act of creating value.
George Odhiambo Nalugala, Nairobi, Kenya. — Preceding unsigned comment added by 195.202.76.4 (talk • contribs) 18:08, 14 October 2011 (UTC)
Propose merge to Output (economics) edit
Seems to be the same topic. Any objections? LK (talk) 03:15, 11 October 2012 (UTC)