production define
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production production - the quantity of something (as a commodity) that is created (usually within a given period of time); production was up in the second quarter output, yield indefinite quantity - an estimated quantity
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means of production Contemporary definitions for means of production Expand. noun. in Marxism, the aggregate natural resources needed of a society or country for manufacturing; the productive capacity of these resources. Examples. The means of production form the economic basis of a society.
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means of production means of production. (noun) According to Karl Marx (1818–1883), the instruments and materials used to produce goods and services. Example: Buildings, commodities machinery, and tools. The means of production in conjunction with the relations to production is called the mode of production.
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manufacture the making of goods or wares by manual labor or by machinery, especially on a large scale: the manufacture of television sets. 2. the making or producing of anything; generation: the manufacture of body cells.
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- Production Management : it’s Meaning, Definition, Function and Scope! Production Management refers to the application of management principles to the production function in a factory. In other words, production management involves application of planning, organizing, directing and controlling the production process.
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- DEFINITION of 'Production Cost'. A cost incurred by a business when manufacturing a good or producing a service. Production costs combine raw material and labor.To figure out the cost of production per unit, the cost of production is divided by the number of units produced.roduction costs combine raw material and labor. To figure out the cost of production per unit, the cost of production is divided by the number of units produced.
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Microeconomics Production theory. (Redirected from Total product) Production theory is the study of production, or the economic process of converting inputs into outputs. Production uses resources to create a good or service that is suitable for use, gift-giving in a gift economy, or exchange in a market economy.
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manufactureverb  [ T] manufacture meaning, definition, what is manufacture: to produce goods in large numbers, usually in a factory using machines: . Learn more.
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"""Hewlett Packard Factors Of Production"" Essays and Research Papers" DEFINITION of 'Factors Of Production'. An economic term to describe the inputs that are used in the production of goods or services in the attempt to make an economic profit. The factors of production include land, labor, capital and entrepreneurship. Next Up.
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What are 'Factors Of Production' What are 'Factors Of Production'. Factors of production is an economic term that describes the inputs that are used in the production of goods or services in order to make an economic profit. The factors of production include land, labor, capital and entrepreneurship.
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What is 'Production Cost' DEFINITION of 'Production Cost'. A cost incurred by a business when manufacturing a good or producing a service. Production costs combine raw material and labor.To figure out the cost of production per unit, the cost of production is divided by the number of units produced.n production, there are direct costs and indirect costs. For example, direct costs for manufacturing an automobile are materials such as the plastic, metal or labor incurred to produce such an item. Indirect costs include overhead such as rent, salaries or utility expense.
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production 1 the act of producing. 2 anything that is produced; product. 3 the amount produced or the rate at which it is produced. 4 (Economics) the creation or manufacture for sale of goods and services with exchange value. 5 any work created as a result of literary or artistic effort. 6 the organization and presentation of a film, play, opera, etc.
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fruitfulness Noun. 1. productivity-the quality of being productive or having the power to produce. productiveness. fruitfulness, fecundity-the quality of something that causes or assists healthy growth.
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- producer. noun pro·duc·er \prə-ˈdue-ˈdü, sər-, -prō-\. ˈdyue. : ˈdyü tweet someone who is in charge of making and usually providing the money for, a, play, movie. : record etc someone or something that grows or makes particular goods. or products someone who is in charge of making and usually providing the money for a play, movie, record, etc. : someone or something that grows or makes particular goods or products.
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- Production Capacity Production Capacity Law and Legal Definition Production Capacity is the volume of products or services that can be produced by an enterprise using current resources. Three commonly used definitions of capacity are as follows : 1.Design USLegal Home
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What is 'Production Cost' A cost incurred by a business when manufacturing a good or producing a service. Production costs combine raw material and labor. To figure out the cost of production per unit, the cost of production is divided by the number of units produced.
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- productivity definition. In business, a measure of worker efficiency, such as one hundred units per hour. In economics, involvement in the creation of goods and services to produce wealth.
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- Production (economics) Production is a process of workers 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.
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Product Product. Product. 1. Anything that is produced, whether as the result of generation, growth, labour, or thought, or by the operation of involuntary causes; as, the products of the season, or of the farm; the products of manufactures; the products of the brain. There are the product Of those ill-mated marriages.
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ACT 2 production - the act or process of producing something; Shakespeare's production of poetry was enormous; the production of white blood cells human action, human activity, act, deed - something that people do or cause to happen
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What is 'Mass Production' Mass Production. What is 'Mass Production'. Mass production is the manufacture of large quantities of standardized products, frequently utilizing assembly line technology. Mass production refers to the process of creating large numbers of similar products efficiently.
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- Gross Domestic Product is defined as the sum of all goods and services produced in a country over time, without double counting products used in other output. It is a comprehensive measure, covering the production of consumer goods and services, even government services, and investment goods.
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production yield definition, production yield meaning | English dictionary means of production. pl n (in Marxist theory) the raw materials and means of labour (tools, machines, etc.) employed in the production process. pair production. n the production of an electron and a positron from a gamma-ray photon that passes close to an atomic nucleus.
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- The production process is the process a product or service takes in order for it to become ready for customers to buy. Production will certainly depend on the type and nature of your proposed business. Generally, a manufacturer will have a more sophisticated production process compared to a retailer or service provider.
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contentadjective  [ after verb] Practically, video production is the art and service of creating content and delivering a finished video product.
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Theory of production This task is best understood in terms of what is called the production function, i.e., an equation that expresses the relationship between the quantities of factors employed and the amount of product obtained. It states the amount of product that can... Read More. in economic growth: The analysis of growth.