Production is the process of creating goods and services that people need or want. It involves transforming raw materials, like wood or metal, into finished products, such as furniture or cars. This process can take place in factories, farms, or even at home, depending on what is being made.
In addition to physical items, production also includes services like teaching or cooking. These services are produced by people who use their skills and knowledge to meet the needs of others. Overall, production is essential for the economy, as it provides jobs and helps supply the market with various products and services.