Q.

In Economics, production means -

A. manufacturing
B. making
C. creating utility
D. farming
Answer» C. creating utility
Explanation: All factors of production like land, labour, capital and entrepreneur are required in combination at a time to produce a commodity. Production means creation or an addition of utility. Factors of production (or productive 'inputs' or 'resources') are any commodities or services used to produce goods and services.
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