Economics A Level: When you are producing something, what are you Converting to make?

Question

When you are producing something, what are you Converting to make?

go kys · Accepted Answer

-Production is when Inputs are Converted into Output - Stuff that can be sold - an Exchangeable Value.  
-The Inputs are any of the 4 Factors of Production, so Land Labour, Enterprise and Capital

Economics A Level

When you are producing something, what are you Converting to make?

-Production is when Inputs are Converted into Output - Stuff that can be sold - an Exchangeable Value. -The Inputs are any of the 4 Factors of Production, so Land Labour, Enterprise and Capital

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