A Product is the end result
of an activity of some kind or another which can be exchanged
against something of value, mostly money. It is something that
others consider as valuable and for which they are willing to
give something of comparable value in exchange.
The term Product doesn’t
only refer to physical objects like books, cars, lawnmowers
etc. while these are the most evident form.
Rather intangible things
would be counted under Product as well as long as they are the
result of a purposeful activity.
For example a well running
computer network, protected from virus attacks and crashes
would be the Product of a competent system administrator. A
happy customer who got his question satisfactorily answered
would be the Product of a support staff and so
Production, then, is the
activity directed to creating a Product. To be effective
production has to be organized and coordinated.
There are people who manage
to look very busy the whole day, running around, doing this,
doing that. But if you check what their actual product of the
day’s work was you might find little or nothing at all of
value. Often they even increase the workload of their
co-workers by their uncoordinated or faulty actions. These
people were not producing but doing something else.
= to bring forth, draw
= to bring,