PPT : Theory of Production CA Foundation Notes | EduRev

Economics Class 12

CA Foundation : PPT : Theory of Production CA Foundation Notes | EduRev

 Page 1


 
CPT Section C: General Economics 
Chapter 3 Unit 1 
Ms. Anita Sharma 
 
Page 2


 
CPT Section C: General Economics 
Chapter 3 Unit 1 
Ms. Anita Sharma 
 
? Production is any economic activity which is 
directed towards the satisfaction of wants of 
people by converting physical input into 
physical output. 
 
 
 
Physical 
Inputs 
Physical 
Output 
Page 3


 
CPT Section C: General Economics 
Chapter 3 Unit 1 
Ms. Anita Sharma 
 
? Production is any economic activity which is 
directed towards the satisfaction of wants of 
people by converting physical input into 
physical output. 
 
 
 
Physical 
Inputs 
Physical 
Output 
? Making of cloth by an industry. 
Page 4


 
CPT Section C: General Economics 
Chapter 3 Unit 1 
Ms. Anita Sharma 
 
? Production is any economic activity which is 
directed towards the satisfaction of wants of 
people by converting physical input into 
physical output. 
 
 
 
Physical 
Inputs 
Physical 
Output 
? Making of cloth by an industry. 
? Services of retailer who delivers goods to 
consumers 
Page 5


 
CPT Section C: General Economics 
Chapter 3 Unit 1 
Ms. Anita Sharma 
 
? Production is any economic activity which is 
directed towards the satisfaction of wants of 
people by converting physical input into 
physical output. 
 
 
 
Physical 
Inputs 
Physical 
Output 
? Making of cloth by an industry. 
? Services of retailer who delivers goods to 
consumers ? Doctors, lawyers, teachers, choreographers 
providing their services 
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