Production
Production is the process of transforming raw and semi-finis lied material resources into products with the aid of human resources, capital goods, and technology.
The term production is employed in a more general sense than in ordinary discussion. Production is an all-encompassing activity which includes extraction, primary production, processing, manufacturing, assembly, construction, communication, transportation, storage, distribution, and marketing (wholesale and retail), financing and servicing.
These are stages through which the transformation process traverses before the product is placed at the disposal of the consumer. Both goods and services are the outcome of the production process.
A rock with oil mineral in it. It has undergo the production process to be changed into oil ready for use.