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 raw(prenominal) material. This increase in value represents the creation o richesiness for both the manufacture and the country as whole. This said to be a commercial activity because: It Create wealth. It is not ingenious 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 level-headed to produce a product that is difficult to sell. Even if peo-ple crucial to buy the product, there is no point in producing a product that satisfies the demand unless it can be sold with profit. employment makes a vital contribution to the local and national economies of some(prenominal) nations . Without the income earned from manufacturing and the hundred of jobs that the manufacturing sector creates, a nation that depends principally in this sector will be unable to have 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 remunerative more rather than other sectors such as health and services. Moreover, every direct job in manufacturing creates several corrobor atory and spin-off jobs in other sectors. Ma! nufacturing is, in fact, the economic source of the other sectors, and cannot be measured merely in legal 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, curiously as financial and trade merely redistribute this wealth and are built on the products created by wealth...If you want to acquire by a full essay, order it on our website: OrderCustomPaper.com

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