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• Production_theory abstract "Production theory is the study of production, or the economic process of converting inputs into outputs. Production uses resources to create a good or service that is suitable for use, gift-giving in a gift economy, or exchange in a market economy. This can include manufacturing, construction, storing, shipping, and packaging. Some economists define production broadly as all economic activity other than consumption. They see every commercial activity other than the final purchase as some form of production.Production is a process, and as such it occurs through time and space. Because it is a flow concept, production is measured as a “rate of output per period of time”. There are three aspects to production processes: the quantity of the good or service produced, the form of the good or service created, the temporal and spatial distribution of the good or service produced.A production process can be defined as any activity that increases the similarity between the pattern of demand for goods and services, and the quantity, form, shape, size, length and distribution of these goods and services available to the market place.Production is a process of combining various material inputs and immaterial inputs (plans, know-how) in order to make something for consumption (the output). It is the act of creating output, a good or service which has value and contributes to the utility of individuals.Economic well-being is created in a production process, meaning all economic activities that aim directly or indirectly to satisfy human needs. The degree to which the needs are satisfied is often accepted as a measure of economic well-being. In production there are two features which explain increasing economic well-being. They are improving quality-price-ratio of commodities and increasing incomes from growing and more efficient market production.The most important forms of production aremarket productionpublic productionhousehold productionIn order to understand the origin of the economic well-being we must understand these three production processes. All of them produce commodities which have value and contribute to well-being of individuals.The satisfaction of needs originates from the use of the commodities which are produced. The need satisfaction increases when the quality-price-ratio of the commodities improves and more satisfaction is achieved at less cost. Improving the quality-price-ratio of commodities is to a producer an essential way to enhance the production performance but this kind of gains distributed to customers cannot be measured with production data.Economic well-being also increases due to the growth of incomes that are gained from the growing and more efficient market production. Market production is the only one production form which creates and distributes incomes to stakeholders. Public production and household production are financed by the incomes generated in market production. Thus market production has a double role in creating well-being, i.e. the role of producing developing commodities and the role to creating income. Because of this double role market production is the “primus motor” of economic well-being and therefore here under review.".
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• Production_theory wikiPageExternalLink w15341.pdf.
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• Production_theory wikiPageExternalLink Nonlinear%20Dynamics%20and%20Pseudo-Production%20Functions.pdf.
• Production_theory wikiPageExternalLink humbug.pdf.
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• Production_theory wikiPageWikiLink A_list_of_production_functions.
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• Production_theory wikiPageWikiLink Anwar_Shaikh_(Economist).
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• Production_theory wikiPageWikiLink Category:Academic_disciplines.
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• Production_theory wikiPageWikiLink Flow_(mathematics).
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• Production_theory wikiPageWikiLink Public_economics.
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• Production_theory wikiPageWikiLink Second_Industrial_Revolution.
• Production_theory wikiPageWikiLink Service_(economics).
• Production_theory wikiPageWikiLink Shipping.
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• Production_theory wikiPageWikiLink Trade.
• Production_theory wikiPageWikiLink Utility.
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• Production_theory wikiPageWikiLink Value_(economics).
• Production_theory wikiPageWikiLink Category:Production_theory.
• Production_theory wikiPageWikiLinkText "Production theory".
• Production_theory wikiPageWikiLinkText "Production theory#Total.2C average.2C and marginal product".
• Production_theory wikiPageWikiLinkText "Production theory#Total.2C_average.2C_and_marginal_product".

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