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 desolate material. This increase in value represents the creation o riches for both the manufacture and the country as whole. This said to be a commercial activity because: It Create riches. It is not good to invest our money or other peoples money in a manu-facturing plant unless the return of the coronation is much better than what we could earn from saving money in a bank account. Satisfy a demand. It is not tenable to produce a product that is difficult to sell. Even if peo-ple subjective to buy the product, there is no point in producing a product that satisfies the demand unless it can be sold with profit. production makes a vital contribution to the local and national economies of umpteen nations. Without the income earned from manufacturing and the hundred of jobs that the manufacturing sector creates, a nation that depends mainly in this sector will be unable to scram an acceptable level of employment and pay for its imports. The production or manufacturing sector plays key roles in the continuing growth and prosperity of a nation.

This sector is mainly responsible for research d development, generation of wealth and employment. They also are being remunerated more rather than other sectors such as health and services. Moreover, every direct job in manufacturing creates several verificatory and spin-off jobs in other sectors. Manufact uring is, in fact, the economic fountain o! f the other sectors, and cannot be measured merely in impairment of direct employment. The manufacturing sector is one of the four main sectors that beget wealth. The other three sectors are agriculture, mining and construction. Other sectors, oddly as financial and trade merely redistribute this wealth and are built on the products created by wealth...If you want to beat out by a full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper