Keyword Analysis & Research: production definition business

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What are the four factors of production in business?

In economics, land, labor, capital and entrepreneurship are known as the four factors of production. They are given this label because each plays a role in the production of business and industry that impacts the economic conditions in a society.

What is production business?

A production company , production house, production studio , or a production team is a business that provides the physical basis for works in the fields of performing arts, new media art, film, television, radio, comics, interactive arts, video games, websites, music, and video.

What is the definition of primary production in business?

"primary production" in Business English. › the production of basic materials or crops, rather than of products made from them: The percentage of the work force engaged in primary production is lower than in previous decades.

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