«студенческий вестник»

Production 
is the process of preparing material goods. Production has a wide meaning in 
the economy. The activity aimed at meeting the needs of people is production. Production includes 
the creation of material goods as well as services. The labor of people in retail, banking, insurance, 
accounting, jurisprudence, education, and health care, where people work, is also productive labor. 
At present, it is impossible to imagine the production activities in a factory, mine, power plant without 
the service sector. 
Production in general is a scientific abstraction consisting of a set of basic general features that 
do not depend on its specific social forms. The development of the process of social production is the 
material basis for the progressive development of human culture. Production is not a one-way street, 
production is a continuous process. This process, which is constantly repeated and repeated, is called 
reproduction. Reproduction is divided into two types: simple reproduction, extended 
reproduction. Normal reproduction is defined as the amount of repetition of production 
volume. Expanded reproduction refers to the continuous growth of the production process. The 
source of expanded reproduction in a market economy is the net income of enterprises, investments 
in various forms, loans and depreciation. In the process of production, both the volume of goods and 
their value increase. With the development of production, society achieves its goal, solves existing 
problems. The creation of material goods in the production process also affects the development of 
intangible industries. In developed economies, the share of the material sector in the overall economic 
development decreases and the share of the intangible increases. 
Distribution is 
the acquisition of material wealth created in the process of production in the 
form of wages in proportion to their contributions, depending on the level of participation of members 
of society in social labor activities. 
Exchange - 
a variety of material wealth is necessary for the social development of members of 
society. That is why there is an exchange process between them. Exchange links production with 
consumption.