Mass customization term refers to the production of a variety of end products at a unit cost that could once be achieved only through bulk production of a standardized output.
Economic production is an activity performed below the management and responsibility of an institutional unit that makes use of inputs of labor, capital, and items and offerings to supply outputs of products or services.
Production is the technique of combining various cloth inputs and immaterial inputs (plans, expertise) in order to make something for consumption (output). it's far the act of creating output, a good or service that has a fee and contributes to the utility of people. An example of manufacturing is the advent of furniture. An example of production is harvesting corn to devour. An instance of production is the quantity of corn produced.
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