Business terms and jargon explained. Your business dictionary

What is Production

Production is an activity, carried out under the responsibility, control and management of an institutional unit, which uses inputs of labour, capital, goods and services to produce outputs of goods and services.

Crown Copyright. Material taken from National Statistics website: Reproduced under the terms and conditions of the Click-Use Licence.

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Term created / updated 2007-01-19 16:01:38

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