Production

question 354

Multiple Choice

Production

• A) is a process by which resources are produced.
• B) is a process by which resources are transferred into goods and services.
• C) only applies to manufacturing of goods.
• D) is carried on by corporations, but not by sole proprietorships.

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Definitions:

Basic Necessities

fundamental needs required for sustaining human life, including food, water, shelter, and clothing.

Deprived

refers to a lack of the necessary resources, rights, goods or capabilities which are considered normal or sufficient by the society in which an individual, group or area lives.

Human Needs

Fundamental requirements necessary for individuals to live a healthy and fulfilling life, including physiological, safety, love/belonging, esteem, and self-actualization needs.

Culture

A complex blend of values, beliefs, languages, rituals, and traditions that defines the social behavior and norms found in human societies.