Practicing Success
Ram buys 2kg of wheat, rice, barley, chia seeds and made a multigrain bread out of it with the help of machinery. According to you, which of the following economic activity took place when he converted grains into flour and then eventually bread? |
Production Distribution Disposition Generation |
Production |
Production is generally defined as an activity which produces physical goods and services or increase the value of intermediate consumption by converting the inputs into outputs. In other words, we can say it adds some value to the intermediate good. Ram converted inputs ( wheat, rice, chia seeds etc) into output (multigrain bread).
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