Industrialization.
Capital Goods
production
It is called production.
the process of utilising tangible and intangible input to get goods and services
intellectual labor
Industrialization.
Capital Goods
Production Process
For some, commerce may be seen as part of the production process as it involves the exchange of goods and services and the creation of value. Others may view commerce as a separate process that is distinct from production, as it typically involves the exchange of goods and services that have already been produced.
production
Production refers to the process of creating goods or services, while productivity measures the efficiency of this production process by comparing outputs to inputs, such as labor or resources used. In other words, production is the act of making something, while productivity is a measure of how well and efficiently that something is made.
It is called production.
intellectual labor
intellectual labor
the process of utilising tangible and intangible input to get goods and services
The sewing machine has made clothing and other items affordable for the entire population by allowing the mass production of goods.
Is to overlook the production process by managing people and machinery to convert raw materials and resources into goods and services