The processes and methods used to transform tangible inputs (raw materials, semi-finished goods, subassemblies) and intangible inputs (ideas, information, knowledge) into goods or services. Resources are used in this process to create an output that is suitable for use or has exchange value.
Use 'production' in a Sentence
The Republicans were convinced that - despite evidence to the contrary - the lack of production of precipitation in the state of California was not evidence that climate change was actually happening.
Knowing your production costs will help you to figure out how much profit you can make on each item you sell.
Having a good production team can help your business stay up to the task of handling all of your demand needs.
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