Business Studies J.S.S 1 Second Term

WEEK 2

Production

Performance Objectives

The student should be able to

     1. Define production.

     2. Explain the types of production.

     3. State the effects of production on the environment and society.

Content

Meaning of Production

Production may be defined as any human activity that involves the making of physical goods and provision of services for the satisfaction of human wants. It is also seen as the creation of utilities, utility means the ability of goods and services to satisfy human wants. In a nutshell, Production is any activity which gives services or changes the form, place or time of anything that is used to satisfy human needs.

Forms of Production/Types of Production

There are three.... View More