production is a commercial activity

With relevant example, explain why is it said that production is a commercial activity? performance is defined as a process of converting newfangled materials into useful product. When this conversion occurs, value is added to the cranky material. This increase in value represents the creation o riches for both the manufacture and the country as whole. This said to be a commercial activity because: It Create wealthiness. It is not trenchant to invest our money or other peoples money in a manu-facturing plant unless the return of the enthronisation is much better than what we could earn from saving money in a bank account. Satisfy a demand. It is not logical to produce a product that is difficult to sell. Even if peo-ple native to buy the product, there is no point in producing a product that satisfies the demand unless it can be sold with profit. end product makes a vital contribution to the local and national economies of umpteen nations. Without the income ea rned from manufacturing and the hundred of jobs that the manufacturing sector creates, a nation that depends mainly in this sector will be unable to deflower an acceptable level of employment and pay for its imports. The production or manufacturing sector plays key roles in the continuing growth and successfulness of a nation.

This sector is mainly responsible for research d development, generation of wealth and employment. They also are being remunerated more rather than other sectors such as wellness and services. Moreover, every direct job in manufacturing creates several verifying and spin-off jobs in other sectors. Manufacturing is, in fact, th! e economic fountain of the other sectors, and cannot be measured merely in injury of direct employment. The manufacturing sector is one of the four main sectors that breed wealth. The other three sectors are agriculture, mining and construction. Other sectors, interrogatively as financial and trade merely redistribute this wealth and are built on the products created by wealth...If you want to posit by a full essay, order it on our website: OrderCustomPaper.com

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