PRODUCTION
Production refers to the process of creating goods and services that are valuable to individuals and societies. It involves the transformation of raw materials into finished products through various methods, such as manufacturing, assembly, or crafting. Production can take place in different sectors, including agriculture, industry, and services. Key factors in production include land, labor, capital, and entrepreneurship, collectively known as the factors of production. Efficiency, technology, and innovation also play important roles in optimizing production processes. The goal of production is to meet the needs and desires of consumers while maximizing output and minimizing costs, which is vital for economic growth and development.