Production (economics)
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| - | + | '''Production''' is a process of combining various material inputs and immaterial inputs (plans, know-how) in order to make something for consumption (the output). It is the act of creating [[output (economics)|output]], a [[goods and services|good or service]] which has [[value (economics)|value]] and contributes to the [[utility (economics)|utility]] of individuals. | |
| - | '''Productivity''' describes various measures of the efficiency of [[production (economics)|production]]. A productivity measure is expressed as the ratio of output to inputs used in a production process, i.e. output per unit of input. Productivity is a crucial factor in production performance of firms and nations. Increasing national productivity can raise living standards because more [[real income]] improves people's ability to purchase goods and services, enjoy leisure, improve housing and education and contribute to social and environmental programs. Productivity growth also helps businesses to be more profitable. There are many different definitions of productivity and the choice among them depends on the purpose of the productivity measurement and/or data availability. | + | |
| ==See also== | ==See also== | ||
| - | * [[Agile construction]] | + | * [[Adaptive strategies]] |
| + | * [[A list of production functions]] | ||
| * [[Assembly line]] | * [[Assembly line]] | ||
| - | * [[Computer-aided manufacturing]] | + | * [[Johann Heinrich von Thünen]] |
| - | * [[Counterproductive work behavior]] | + | |
| * [[Division of labour]] | * [[Division of labour]] | ||
| * [[Industrial Revolution]] | * [[Industrial Revolution]] | ||
| - | * [[Mass production]] | + | * [[Cost-of-production theory of value]] |
| + | * [[Computer-aided manufacturing]] | ||
| + | * [[Distribution (economics)]] | ||
| + | * [[Factors of production]] | ||
| + | * [[Outline of industrial organization]] | ||
| + | * [[Outline of production]] | ||
| + | * [[Output (economics)]] | ||
| + | * [[Price]] | ||
| + | * [[Prices of production]] | ||
| + | * [[Pricing strategies]] | ||
| + | * [[Production function]] | ||
| + | * [[Production theory basics]] | ||
| + | * [[Production possibility frontier]] | ||
| * [[Productive and unproductive labour]] | * [[Productive and unproductive labour]] | ||
| - | * [[Production (economics)]] | ||
| - | * [[Production, costs, and pricing]] | ||
| * [[Productive forces]] | * [[Productive forces]] | ||
| - | * [[Production function]] | + | * [[Productivism]] |
| + | * [[Productivity]] | ||
| * [[Productivity model]] | * [[Productivity model]] | ||
| - | * [[Production possibility frontier]] | ||
| - | * [[Production theory basics]] | ||
| * [[Productivity improving technologies (historical)]] | * [[Productivity improving technologies (historical)]] | ||
| + | * [[Microeconomics]] | ||
| + | * [[Mode of production]] | ||
| + | * [[Mass production]] | ||
| * [[Second Industrial Revolution]] | * [[Second Industrial Revolution]] | ||
| {{GFDL}} | {{GFDL}} | ||
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Production is a process of combining various material inputs and immaterial inputs (plans, know-how) in order to make something for consumption (the output). It is the act of creating output, a good or service which has value and contributes to the utility of individuals.
[edit]
See also
- Adaptive strategies
- A list of production functions
- Assembly line
- Johann Heinrich von Thünen
- Division of labour
- Industrial Revolution
- Cost-of-production theory of value
- Computer-aided manufacturing
- Distribution (economics)
- Factors of production
- Outline of industrial organization
- Outline of production
- Output (economics)
- Price
- Prices of production
- Pricing strategies
- Production function
- Production theory basics
- Production possibility frontier
- Productive and unproductive labour
- Productive forces
- Productivism
- Productivity
- Productivity model
- Productivity improving technologies (historical)
- Microeconomics
- Mode of production
- Mass production
- Second Industrial Revolution
Unless indicated otherwise, the text in this article is either based on Wikipedia article "Production (economics)" or another language Wikipedia page thereof used under the terms of the GNU Free Documentation License; or on research by Jahsonic and friends. See Art and Popular Culture's copyright notice.
