Industrial production: Difference between revisions
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'''Industrial production''' is the creation of a product, or provision of a service, in a business or industry. It is not limited to something such as making a cheeseburger; it could be anything like the capture of wild foxes for their fur or the operation of a railway service. Alternatively, it can be seen as the transformation of raw materials into products human beings find useful.<ref>[http://www.businessdictionary.com/definition/production.html Business Dictionary]</ref> | '''Industrial production''' is the creation of a product, or provision of a service, in a business or industry. It is not limited to something such as making a cheeseburger; it could be anything like the capture of wild foxes for their fur or the operation of a railway service. Alternatively, it can be seen as the transformation of raw materials into products human beings find useful.<ref>[http://www.businessdictionary.com/definition/production.html Business Dictionary]</ref> | ||
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Revision as of 04:52, 11 November 2011
Industrial production is the creation of a product, or provision of a service, in a business or industry. It is not limited to something such as making a cheeseburger; it could be anything like the capture of wild foxes for their fur or the operation of a railway service. Alternatively, it can be seen as the transformation of raw materials into products human beings find useful.[1]