Production
From Open Risk Manual
Revision as of 18:37, 25 November 2019 by Wiki admin (talk | contribs) (Created page with "== Definition == '''Production''' is an activity resulting in a Product. It is used with reference to the whole range of economic activities. The term is not reserved for...")
Definition
Production is an activity resulting in a Product. It is used with reference to the whole range of economic activities. The term is not reserved for the agricultural, mining or manufacturing sectors.
It is also used in relation to the services sector. More specific terms may be used to denote production: provision of services, processing, manufacturing, etc., depending on the branch of activity. Production may be measured in various ways either in physical terms or by value.
