Term:
Production – ESA
Definition:

Production is an activity resulting in a product. It is used with reference to the whole range of economic activities. The term is not reserved for the agricultural, mining or manufacturing sectors. It is also used in relation to the service sector. More specific terms may be used to denote production: provision of services, processing, manufacturing, etc., depending on the branch of activity. Production may be measured in various ways either in physical terms or according to value.

Domain:
Economics & National Accounts
Source:
European System of Accounts (ESA) 1995, [3.07] and NACE Rev. 1, Introduction, P. 21
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