Production refers to the process of creating goods or services through various activities such as manufacturing, farming, or mining. It involves transforming raw materials into finished products that can be used or sold.
Related terms
Industrial Revolution: This term refers to the major shift from manual labor to machine-based manufacturing that occurred during the 18th and 19th centuries. It led to significant advancements in production methods and increased output.
Division of Labor: This term describes breaking down complex tasks into smaller specialized tasks performed by different individuals or groups. It increases efficiency and productivity in production processes.
Assembly Line: This term represents a method of mass production where workers perform specific tasks along a moving line to assemble a product. It allows for faster and more efficient production compared to individual craftsmanship.