Topic12: The Production Process Flashcards
What is production?
Production is making, creating and producing goods or products that satisfy people’s needs and wants. 🍞
What’s a production process?
A series of things that need to happen in a certain order to produce a product. 📒➡️🖋➡️📖
What is an input?
All the things necessary for a production process to happen. 🌳 💧 ☀️
Name and define the three types of inputs.
Natural input: Comes from nature. 🌞 💧 🌲
Human input: The people who do the work needed in the process. Farmer…
Capital input: The tools, equipment and money made by people needed in the production process.
What is the output?
The resault of an economic process that uses inputs to produce a product or service for sale. 💳
What are resources?
Things we use to help us to do something.
What is the sustainable use of resources?
Using resources in a way that makes sure the resources will be available for future use. It means we use resources efficiently.
What’s economic growth?
When a country’s economy gets bigger 🔸🔶 and 💪.
Why is economic growth important?
As a country’s economy grows, the businesses in the country produce more products, make more money and provide more jobs.
It is measured in the value of the output produced in a year.
What is productivity?
The measure 📐 of how efficiently inputs have been used to create outputs in a time period. 🕓
Mention the relationships of productivity.
- Inputs: The number 🔢 and quality 🖥 of resources used.
- Time: How long it takes to produce a product. 🕰
- Output: The number🔢 and quality 💻 of products produced.
How can the productivity of natural resources be improved?
One of the natural resources that can be used more productively is land. 🚵🏾♀️
How can productivity of human resources be improved?
Some of the ways that people can be more productive in their jobs is when their work is planned better. 📝📈📉📊🗓
People can be more productive when all their basic needs are met and their properly educated or trained for their jobs. 💼⛑🎓
How can productivity of human-made resources be improved?
Materials can be used more productively when less material is needed and less waste is produced.
Machines can be used more productively when they’re improved and produce greater output in less time.
How can the number of outputs in a production process be increased when the inputs remain the same?
Increase the outputs.