Production Process
Jump to navigation
Jump to search
A Production Process is a process by an economic agent that attempt to make an economic profit.
- Context:
- It can accept a Production Process Input.
- It can produce a Production Process Output.
- See: Economics.
References
2014
- http://www.businessdictionary.com/definition/production-process.html
- Mechanical or chemical steps used to create an object, usually repeated to create multiple units of the same item. Generally involves the use of raw materials, machinery and manpower to create a product.
- http://www.investopedia.com/terms/f/factors-production.asp
- QUOTE: An economic term to describe the inputs that are used in the production of goods or services in the attempt to make an economic profit.