What is Production ?

Production Meaning and Definition

Text Book Meaning:

             Production is the process by which various inputs or resources are transformed into outputs in terms of goods or services which are used to satisfy human wants.

Simple Meaning:

             Production is the process of conversion of raw material or resources into finished good or services.

Definition of Production: 

          
               According to Carl Heyel, " Production is the process of transforming raw materials or purchased components into finished products for sale ".

               According to Bethel, Smith and others, " Production is the transformation of raw materials by factory methods into things wanted by society".