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Production refers to any economic activity, which combines the four factors of production to form an output which will give direct satisfaction to the ______
Production refers to any economic activity, which combines the four factors of production to form an output which will give direct satisfaction to the ______
consumer
Production is the act of combining the factors of production by firms or institutions in order to produce ______ and services
Production is the act of combining the factors of production by firms or institutions in order to produce ______ and services
goods
Outputs are the various useful ______ and services that result from the production process
Outputs are the various useful ______ and services that result from the production process
goods
The technology of a firm is the process by which inputs are turned into ______
The technology of a firm is the process by which inputs are turned into ______
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The quality and quantity of labour and capital and all other inputs have a direct impact on the quality and quantity of ______
The quality and quantity of labour and capital and all other inputs have a direct impact on the quality and quantity of ______
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