The Process by Which Resources Are Transformed into Goods and Services

question 119

True/False

The process by which resources are transformed into goods and services is called production.

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Definitions:

Presentation

The act of showing and explaining the content of a topic to an audience or listener.

Formal

Following established conventions or requirements; opposite of informal.

Unfavourable Response

A reaction or reply that is negative or not supportive, often received after presenting an idea or proposal.

Conclusions

The final part of something, typically a document, speech, or piece of reasoning, summarizing the main points or outcomes.