Types of Production

This lesson defines production and explains its types, including primary, secondary, and tertiary production. It also discusses the extraction of raw materials and the transformation into finished goods.

• 15:58 “Skilled, labor consists of people who have their requisite. The requirements are gotten, the required training and the aspect for the job they are performing. Okay? Example, doctors, engineers are content. People who are...”
• 16:46 “good example of them. Semi-skilled. We have skilled labor, semi-skilled and our skilled labor are those ones who does not need any training for whatever they would do. Like the get men, cocaine, the gardener, the house h...”
• 15:05 “is what rent, okay? Let's go to labor. Labor is a physical and mental effort of man in the production process. Labor is a physical and mental effort of man in the production process. Without labor, every other factor can...”