The process of bringing something into existence is called production. It is a process of combining various inputs to get an output which has a value and usage. In simple terms it can be stated as an organised activity to convert resources into finished products.
Different types of production activity are:
(i) Primary Production: The industries involved in primary production carry out activities like mining, oil extraction, agriculture(crop cultivations). It involves extracting the resources on the surface of the earth, below the earth and from seas and oceans. Secondary Production The process of converting the raw materials into finished products. The Secondary production uses the materials obtained from primary production to manufacture finished products. It has all forms of manufacturing industries (Ex; Building construction, Bike and Car Manufacturing).
(ii) Tertiary Production: It aims at ensuring the finished product reaches the customer for final usage. It includes industries like transportation, banks & insurance companies, legal services etc.
(iii) Secondary Production: The process of converting the raw materials into finished products. The Secondary production uses the materials obtained from primary production to manufacture finished products. It has all forms of manufacturing industries (Ex; Building construction, Bike and Car Manufacturing).