Otherwise known as manufacture, the production of goods involves…
- Sourcing and intake of materials
- Use of equipment and/or chemicals
- Application of labour
- Transformation of raw materials into a product
Such an example could be the production of wooden furniture, which involves:
- Growing and harvesting of trees for wood
- Sawmills for the processing of logs into wood
- Carpentry for the skilled conversion of wood into furniture
- Storage and packaging of furniture in preparation for delivery and sale