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In economics, production can be defined as A. collecting resources B. the act of producing goods and services C. performing onstage D. selling goods and services

Respuesta :

In economics, production can be defined as,B. the act of producing goods and services.

Explanation:

  • Economics is about utilization of scarce resource.
  • It is land, labor , capital and organization.
  • Economic is branch of knowledge which is about consumption,
  • production and utilization of resources in any country or city.
  • Production is number of units produce to provide goods and services.
  • Human wants are infinite not every country has same resources.
  • It is utilization of this resources a country develop.
  • Marginal cost by ways of producing and create growth in the market.

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