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

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Business

Alejandro Cisneros

23 December, 20:52

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

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Kyler David · Answer 1

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.