PRODUCTION.
Hey Guyz, Happy Thursday to you. How was your day
yesterday, hope it was fruitful and cool. Today we are back to Econs 101 with
the above topic, so let’s get straight to work.
Production
is
defined as the various economic activities aimed at the creation of goods and
services, and the distribution of these goods and services to the final
consumer, for the satisfaction of their human wants.
It is also the creation of Utility, which...
