Home » Economics » The term production in Economics meansThe term production in Economics means The term production in Economics means A. manufacturing of goods B. the creation of utilities C. giving birth to children D. the distribution of goods and services E. using labour in creating something Correct Answer: Option B Explanation Related Posts Trade takes place because of Liquidity preference refers to the? Which of the following functions do retailers perform in an economy? International trade and domestic trade are similar in all aspects except that A major shortcoming of the sole proprietorship form of business is lack of? In the study of Economics, land, labour, capital and entrepreneur are referred to as factors…