Scribd Logo
Upload

Welcome to Scribd!

  • 10 views

    Production

    Uploaded by

    Maryjane Adebayo

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd

    Production

    Uploaded by

    Maryjane Adebayo
    10 views2 pages

    Original Title

    production

    Copyright

    © © All Rights Reserved

    Available Formats

    DOC, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    10 views2 pages

    Production

    Uploaded by

    Maryjane Adebayo

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 2

    Introduction

    According to Bates and parkinson Production is define as the organized activity of transforming
    resources into finished product in form of goods or services. The objective of production is to
    satisfy needs.

    Production can be defined as any human activity that involves the creation of goods and the provision of
    services to satisfy human wants. It is a process that transforms factors of production or inputs (land,
    labour, capital, and entrepreneurship) into output of goods and services.

    Goods are tangible items or physical things that we can touch and see with our eyes, such as television
    sets, shirts, rice, etc. Services, on the other hand, are intangible things we cannot touch, such as medical
    services, teaching services, transportation, etc. A production process is not complete until the good or
    service reaches the final consumer.

    Types of Production

    Production may be categorised into three (3) main types: primary, secondary, and, tertiary.

    1) Primary Production:

    This is the type of production that involves the tapping and harnessing of natural resources. It is
    concerned with the process of obtaining raw materials or resources in their natural form from the air,
    land, and water e.g. agriculture, mining, fishing, quarrying, etc.

    2) Secondary Production:

    This type of production entails the processing of primary products or raw materials into finished or semi-
    finished products e.g. processed food, houses, roads, clothes, cars, furniture, paper milling, etc. It
    involves all stages that the good passes through after extraction to manufacturing.

    3) Tertiary Production:

    This is a type of production that is concerned with the provision of commercial and professional services
    to the people. The people involved in this aspect of production include those who render services e.g.
    teachers, doctors, hairdressers, soldiers, policemen, lawyers, musicians, etc. It also includes those who
    render commercial services like wholesalers, retailers, transporters, etc.
    Methods of production

    1) Batch production

    Batch production is a method whereby a group of identical products are produced simultaneously
    (rather than one at a time). It is up to the manufacturer to decide how big the batch will be, and how
    often these batches will be made.

    2) Mass Production

    Mass production is the manufacturing of large quantities of standardized products, often using assembly
    lines or automation technology. Mass production facilitates the efficient production of a large number of
    similar products.

    Factors of production

    You might also like