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प्रश्न
Choose the correct term for the given definition.
Any activity which creates present and future utility.
पर्याय
Development
Production
Consumption
Distribution
उत्तर
Production
Explanation:
Production refers to creating goods and services that provide utility both in the present and future. It involves the transformation of inputs (such as labour, capital, and raw materials) into outputs that satisfy human wants and needs, thereby generating utility.
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