totality of producing, buying and consuming
transformation of raw materials and services in order to provide ultimate utility
transformation of raw materials and services in order to make maximum profit
production of goods and services for consumption
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Discussions (8)
The correct answer should be B .The primary aim of production is creation of Utility.option B cover the full definition
The primary for Production is for consumption and creation of utility... But 'B' has the full explanation. Which is transformation of raw materials, and utility creation.
Try to understand a question before answering
I really do support answer B ok
But if I choose answer be without consumption being der then the definition of production is vain
Production simply means the use of material input (raw materials) and immaterial input(services, ideas, labour) to produce a certain output for consumption
Production without consumption is vain
The first rule of definition: you cannot use the term being defined. So this automatically rules out option D.
