Introduction to Economics 1 Deneme Sınavı Sorusu #1367407

Which of the following refers to converting resources which are called inputs or factors of production into new goods and services called output over a period of time?


Production

Consumption

Management

Planning

Financing


Yanıt Açıklaması:

Production is one of the main economic activities. The production process converts resources which are called inputs or factors of production into new goods and services called output over a period of time.

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