{"product_id":"2940154068281","title":"Production","description":"\u003cp\u003eProduction is the process of making goods and services and distributing them to where they can be consumed.\u003c\/p\u003e\u003cp\u003eIn the real economic sense, production is not complete until the goods and services reach the consumers.\u003c\/p\u003e\u003cp\u003eIt is in this lucid manner that this book will teach you production..\u003c\/p\u003e\u003cp\u003eIt clearly explains the types of production. They include primary production, secondary production and tertiary production.\u003c\/p\u003e\u003cp\u003eIt analyzes the factors of production. They include land, capital, labour and entrepreneur.\u003c\/p\u003e\u003cp\u003eIt appraises division of labour. It throws light on the good and bad sides of division of labour. It highlights the limitations to division of labour.\u003c\/p\u003e\u003cp\u003eIt evaluates small-scale production and large-scale production. It examines the internal and external economies of scale.\u003c\/p\u003e\u003cp\u003eIt discusses the production possibility curve. This curve shows the various commodities that can be produced when all the available factors of production are fully and efficiently employed.\u003c\/p\u003e\u003cp\u003eAnd it explores the law of diminishing returns. It casts light on the importance of the law of diminishing returns to the producers.\u003c\/p\u003e","brand":"Anthony Anamgba","offers":[{"title":"Default Title","offer_id":47074714648816,"sku":"2940154068281","price":3.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/2940154068281_p0.jpg?v=1764067495","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/2940154068281","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}