what is production costs as explained in economics terms?

Error

AYOKUNMIOJUKOTIMI

3 Jun, 2025

Westland University

To get notifications when anyone posts a new answer to this question

Answers (1)

Post your comment

Aliyuus2
1 year ago

In economics, production costs encompass all expenses incurred by a company when manufacturing a product or providing a service, before any profit is added. These costs are directly linked to the company's revenue generation.