1. Lecture 5Factors of Production 2. What is Production?• Production is sometimes defined as– The creation of want-satisfying goods and services– But this is not a…

1. Lecture 5Factors of Production 2. What is Production?• Production is sometimes defined as– The creation of want-satisfying goods and services– But this is not a…

INTRODUCTION TO BUSINESS Anum Shah Roll No#3367 WHAT IS BUSINESS? WHAT IS BUSINESS “An institution organized and operated to provide goods and services to the society under…

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