See also:

• PRODUCTION (Lat. productionem, from producere, to pro-duce)

PRODUCTION (See also:

• LAT

Lat. productionem, from producere, to See also:

• PRO

pro-duce)  , in See also:

• GENERAL
• GENERAL (Lat. generalis, of or relating to a genus, kind or class)

general, the See also:

• ACT (Lat. actus, actum)

act of producing, or bringing forth . See also:

• PRODUCTION (Lat. productionem, from producere, to pro-duce)

Production, in contrast with See also:

• DISTRIBUTION (Lat. distribuere, to deal out)

distribution and See also:

• CONSUMPTION (Lat. consumere)

consumption, is one of the See also:

• GREAT

great divisions which all See also:

• TREATISES

treatises on See also:

• ECONOMICS

economics make in dealing with the subject, and as such it is defined in every See also:

• TEXT (Lat. textum, woven fabric, from texere, to weave)

text-See also:

• BOOK

book and its elements and processes dealt with at length . J . R . McCulloch's See also:

• DEFINITION (Lat. definitio, from de-finire, to set limits to, describe)

definition may be given as one difficult to improve on: " by production, in the See also:

• SCIENCE (Lat. scientia, from scire; to learn, know)

science of See also:

• POLITICAL

political See also:

• ECONOMY

economy, we are not to understand the production of See also:

• MATTER

matter, for that is the exclusive attribute of Omnipotence, but the production of utility, and consequently of exchangeable value, by appropriating and modifying matter already in existence, so as to See also:

• FIT

fit it to satisfy qur wants, and to contribute to our enjoyments." W . S . See also:

• JEVONS, WILLIAM STANLEY (1835-1882)

Jevons says, " production is one of the very few happily chosen terms which the economist possesses . Etymologically the See also:

• TERM

term implies that we draw See also:

• WEALTH

wealth forth, and this is the correct See also:

• IDEA (Gr. Ibia, connected with i&eiv, to see; cf. Lat. species from specere, to look at)

idea of production." Though the See also:

• MERE
• MERE, ADALBERT (1838-1909)

mere definition of " production " as the creation of utilities is apparently See also:

• SIMPLE

simple enough, the treatment of the subject has varied from See also:

• TIME (0. Eng. Lima, cf. Icel. timi, Swed. timme, hour, Dan. time; from the root also seen in " tide," properly the time of between the flow and ebb of the sea, cf. O. Eng. getidan, to happen, " even-tide," &c.; it is not directly related to Lat. tempus)
• TIME, MEASUREMENT OF
• TIME, STANDARD

time to time in proportion to the changes which economic science has itself undergone; it has been said that the theory of production is based on unalterable natural facts, but even this cannot be too absolutely stated, for the organization of production changes with social growth . Much discussion has, during the growth of the science of economics, centred See also:

• ROUND (O. Fr. rond, Lat. rotundus, the Fr. is the source also of Du. rond; Ger., Swed., Dan. and Nor. rond)

round what is and what is not productive or unproductive, and as to the relative importance of the functions of production and distribution . See E . See also:

• CANAAN, CANAANITES

Canaan's See also:

• HISTORY

History of the Theories of Production and Distribution (1893), and the See also:

• STANDARD
• STANDARD, BATTLE OF THE

standard treatises on economics . Also the articles, See also:

• CAPITAL (i.e. capital stock or fund)
• CAPITAL (Lat. caput, head)

CAPITAL; VALUE; WEALTH .