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Encyclopedia Britannica - Main :: PRE-PYR |
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PRODUCTION (Lat. productionem, from producere, to pro-duce) , in general, the act of producing, or bringing forth. Production, in contrast with distribution and consumption
great
treatises
book
economy
term
idea of production." Though the mere definition of " production " as the creation of utilities is apparently simple enough, the treatment of the subject has varied from time to time in proportion to the changes which economic science has itself undergone; it has been said that the theory of production is based on unalterable natural facts, but even this cannot be too absolutely stated, for the organization of production changes with social growth. Much discussion has, during the growth of the science of economics, centred round what is and what is not productive or unproductive, and as to the relative importance of the functions of production and distribution.See E. Canaan
treatises
CAPITAL ; VALUE; WEALTH.End of Article: PRODUCTION (Lat. productionem, from producere, to pro-duce) If you wish, you can link directly to this article.
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