CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

The transformation of inputs like land and labour to give final ouputs, i.e. goods and services, is called .

A
resource formation
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
sale
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
production
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
D
technical change
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is C production
Production refers to the process of transforming inputs and raw materials to give final outputs.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Inputs to Outputs
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon