Production is said to be completed when?

Assessment: JAMB UTME - Economics - 1993 Subject: Economics

Question 1 Report

Production is said to be completed when?
Answer Details
Production is said to be completed when goods and services are produced and ready for distribution or sale to consumers. This means that the production process, which includes all activities involved in creating a good or service, has been fully executed and the output is ready to enter the market. The completion of production does not necessarily mean that the goods have been sold or the prices have been determined, as these are separate processes that occur after production. Packaging may also be part of the production process, but it is not the sole indicator of completion.
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