Points along the production possibilities curve represent a maximum output of two products as long as the economy is fully employed.
Production is the manner of combining various cloth inputs and immaterial inputs so that you can make something for intake. It is the act of making an output, a terrific or carrier which has value and contributes to the application of people.
Manufacturing is the process of creating or producing items and merchandise from raw substances or additives. In other phrases, manufacturing takes inputs and uses them to create an output that is healthy for consumption – an excellent product that has value to an end person or purchaser.
Production is the system of creating, harvesting, or growing something or the quantity of something that becomes made or harvested. An example of production is the creation of furniture. An example of production is harvesting corn to eat. An instance of manufacturing is the amount of corn produced.
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