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FromTheMoon [43]
3 years ago
13

Why is production important

Social Studies
1 answer:
noname [10]3 years ago
6 0

Answer:

The importance of Production is as follow: Helps in creating value by applying labour on land and capital. Improves welfare as more commodities mean more utility. Generates employment and income, which develops the economy.

Explanation:

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Read more on:

brainly.com/Question/6663243

Hope this helps...

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