Production is the process by which
A) products are used by consumers.
B) resources are transformed into useful forms.
C) products are converted into capital.
D) resources are allocated and distributed.

Question

Quizplus · Accepted Answer

Production involves the transformation of resources (such as raw materials, labor, and capital) into goods and services that are useful to consumers. This process includes various activities like manufacturing, crafting, and assembling, which turn inputs into outputs that have economic value.

Production Is the Process by Which