Answer :
Answer:
Manufacturing refers to the transformation of limited resources. To be useful as a product or service To meet human needs
Factor of production
The basic necessities that the manufacturer brings through the production process is passed through the production process until it becomes a product and service, which is called inputs, which are divided into 4 types as follows:
1) Natural resources are naturally occurring, such as forests, rivers, minerals, oil, land.
2) Capital is one of the key factors in the production of goods and services.There are two types of capital:
Capital objects are man-made tools and utensils for the production of goods and services such as machinery, manufacturing equipment, factories.
Capital is the amount of money that is used to purchase or obtain different types of capital objects or pay as wages
3) Human physical labor and intelligence in the production, such as human brain labor, make artificial thinking machines. Various buoys that will be used to produce products and services.
4) Assembly, establishment, production organization To operate the production by bringing natural resources, capital and labor to produce goods and services.
Factors affecting production and service
The limited availability of natural resources Making it impossible to find things to meet human needs completely Therefore, it is necessary to select and allocate the available resources for maximum efficiency. And meet the needs of human beings as much as possible By considering the factors that affect production and service, which are the fundamental economic problems as follows:
1) What kind of production should be produced and what kind of product or service should be produced? It will meet the needs of people in society as possible.
2) How to produce the best method? To reduce costs and be able to produce the most products and services
3) Who is manufactured for? Should consider who is the consumer group of goods and services. And how should products and services be classified Will therefore be suitable for the consumer group
The conversion of materials and operational capacity into a product of service.
Operational capacity consists of human labour and machine capacity.
Operational capacity consists of human labour and machine capacity.