The Production Process

3. The purchasing of capital goods.
6. When average costs per unit rise as a firm increases the scale of its operations.
8. When a worker focuses on producing one type of good or service, increasing efficiency and skill.
9. A production process that uses a large amount of human labour relative to capital.
10. Type of production that produces a one-off product from start to finish for a specific customer.
11. A measure of the efficiency of production.
12. When average costs per unit fall as a firm increases the scale of its operations.
13. When production is pushed beyond capacity, causing strain and breakdowns. Tip: its to do with the overuse of resources
14. Type of production that produces a set quantity of a product, then reconfiguring to produce another similar batch.
15. When equipment or workers are idle due to low demand. Tip: its to do with the lack of use of available resources

1. The creation of goods and services to satisfy wants, involving transforming resources into finished goods or services.
2. Man made good used to produce another good or service
4. Splitting the production process into separate tasks so each worker concentrates in one area.
5. Type of production that uses a continuous production line where products move along an assembly line.
7. A production process that uses a large amount of machinery and equipment relative to labour.