DISCUSSION IS BASED ON YOUTUBE VIDEO PLEASE DONT COMPLETE WITHOUT WATCHING YOUTU


DISCUSSION IS BASED ON YOUTUBE VIDEO PLEASE DONT COMPLETE WITHOUT WATCHING YOUTUBE VIDEO LINKED BELOW https://www.youtube.com/watch?v=L375-rWJVmU In 500 words or more produce an original post that answers the following questions: Context Information: Production is the process of converting resources (land, labor, capital and entrepreneurial ability) into goods and services. In other words, production involves turning resources into products and services that people are willing and able to buy. Therefore, the purpose of production is to create value, to take ingredients and combine them in such a way that the end product has more value (as perceived by people) than the value of the individual parts that made it possible. Instructions and Steps: 1. Review the Ongoing Discussion Topic General Instructions > Select this link to Open 2. Access the following TED Talk (video presentation). As you view through the video, take notes of any relevant information. 3. In 500 words or more produce an original post that answers the following questions: Consider a product – other than coffee – that you use every day. How would you apply what you learned in the above video to illustrate the production process for your product? How has this production process has brought value to your life?


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