Question

Which of the following best describes what production accomplishes?

O
A. Efficient use of natural resources.
O
B. An increase in supply that lowers prices.
O
C. A reduction in the size of the labor force.
O
D. Value added to resources that already exist.

Answer 1

The correct answer is letter D

A production process is a system of actions that are dynamically interrelated and that are oriented towards the transformation of certain elements.