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  2. Factors of production - Wikipedia

    en.wikipedia.org/wiki/Factors_of_production

    Labor, not labor power, is the key factor of production for Marx and the basis for earlier economists' labor theory of value. The hiring of labor power only results in the production of goods or services ("use-values") when organized and regulated (often by the "management"). How much labor is actually done depends on the importance of conflict ...

  3. Commodity chain - Wikipedia

    en.wikipedia.org/wiki/Commodity_chain

    A commodity chain is a process used by firms to gather resources, transform them into goods or commodities, and finally, distribute them to consumers.It is a series of links connecting the many places of production and distribution and resulting in a commodity that is then exchanged on the world market.

  4. Methods of production - Wikipedia

    en.wikipedia.org/wiki/Methods_of_production

    Batch production is the method used to produce or process any product of the groups or batches where the products in the batch go through the whole production process together. An example would be when a bakery produces each different type of bread separately and each product (in this case, bread) is not produced continuously.

  5. Outline of production - Wikipedia

    en.wikipedia.org/wiki/Outline_of_production

    The following outline is provided as an overview of and topical guide to production: Production – act of creating 'use' value or 'utility' that can satisfy a want or need. [1] The act may or may not include factors of production other than labor. Any effort directed toward the realization of a desired product or service is a "productive ...

  6. Production (economics) - Wikipedia

    en.wikipedia.org/wiki/Production_(economics)

    The real output is the real value of products produced in a production process and when we subtract the real input from the real output we get the real income. The real output and the real income are generated by the real process of production from the real inputs. The real process can be described by means of the production function.

  7. Mass production - Wikipedia

    en.wikipedia.org/wiki/Mass_production

    Mass production, also known as flow production, series production, series manufacture, or continuous production, is the production of substantial amounts of standardized products in a constant flow, including and especially on assembly lines. Together with job production and batch production, it is one of the three main production methods. [1]

  8. Means of production - Wikipedia

    en.wikipedia.org/wiki/Means_of_production

    The social means of production are capital goods and assets that require organized collective labor effort, as opposed to individual effort, to operate on. [7] The ownership and organization of the social means of production is a key factor in categorizing and defining different types of economic systems. The means of production includes two ...

  9. Process manufacturing - Wikipedia

    en.wikipedia.org/wiki/Process_manufacturing

    An example given is that discrete manufacturing follows an "A" type process and process manufacturing follows a “V” type process. [5] In the production cycle, a work order or process order [6] is issued to make the product in bulk. Separate pack orders are issued to signify how the bulk material is to be containerized and shipped to the ...