Meaning of Production

What is Production:

Production is, in general, the process of manufacturing, elaborating or obtaining products or services. As such, the word comes from the Latin product, productioniswhich means ‘generate’, ‘create’.

Production, itself, is a broad term that can refer to several things such as: designating the product or thing produced, the way of producing it, and even the set of products of the industry or of the soil.

In this sense, production is part of the general economic activityand has the capacity to generate added value both in goods and services, especially when a new utility or improvement is added, as the case may be.

Therefore, production is part of a complex process that depends on raw materials, human capital and labor, as well as the capacity to produce goods and services in order to satisfy the needs of people according to demand. and their offer.

Industrial production

Industrial production is defined as that which uses a series of processes, methods and techniques for the treatment, transformation or modification of raw materials, with the intervention of qualified labor and through the use of machinery and technology, for the manufacture of a product. certain good or product.

Industrial production can be developed in different branches, such as food, textiles, technology, etc.

In general, most of the products we consume have gone through an industrial production process. Likewise, this process is connected with the distribution and consumption processes, hence the importance of producing quality goods or products in the short term.

In this sense, to optimize and speed up the production process, two fundamental types of production have been developed: serial production and chain production.

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Serial production

Mass production is one that is designed to generate a high number of replicas of the same product. This type of production has made it possible to have greater accessibility to the products in the market and, consequently, has led to the massification of consumption.

In this case, the printing press is a key invention of the modern era for mass production, since it facilitated the reproduction of books, newspapers, magazines and all kinds of printed material.

Chain production

Chain production refers to the mass production system composed of an assembly line or assembly line, where each worker or machinery occupies a specific place and function within the production line, allowing the production process to advance through different routes. stages or sections in a more efficient, fast and economical way.

In this sense, chain production lowers production costs, and optimizes and increases the productivity of a company.

Production in Economics

In Economics, production constitutes the activity through which human labor generates benefits for the economic sector of a nation. In this sense, it is made up of the utility created by the elaboration, manufacture or obtaining of certain products, goods or services.

A drop in the level of production in a country can negatively affect its economy, while a rise, also accompanied by an increase in demand for products, means an improvement in terms of profits.

See also: GDP (Gross Domestic Product).

craft production

Craft production, unlike industrial production, is a process that involves a series of traditional and mainly manual manufacturing methods and techniques, with little or no use of machinery in manufacturing, which gives priority to the use of raw materials. local and typical or traditional motifs of the region.

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In this sense, artisanal production is the expression of cultural identity, and based on this, the elaborated product is valued.

See also Artisanal process.