Question

In economics, production can be defined as A. collecting resources B. the act of producing goods and services C. performing onstage D. selling goods and services

Answer 1

In economics, production can be defined as,B. the act of producing goods and services.

Step-by-step explanation:

• Economics is about utilization of scarce resource.
• It is land, labor , capital and organization.
• Economic is branch of knowledge which is about consumption,
• production and utilization of resources in any country or city.
• Production is number of units produce to provide goods and services.
• Human wants are infinite not every country has same resources.
• It is utilization of this resources a country develop.
• Marginal cost by ways of producing and create growth in the market.