What is Production?

  • Ragnar Frisch


For the term technical production we intend to adopt a wide definition. By it we mean any transformation process which can be directed by human beings, or which human beings are interested in, viz. a transformation which a certain group of people consider desirable. The term transformation indicates that there are certain things (goods or services) which enter into the process, and lose their identity in it, i.e. ceasing to exist in their original form, while other things (goods or services) come into being in that they emerge from the process. The first category may be referred to as production factors (input elements), while the last-named category are referred to as products (the output or resultant elements). The grain put into the ground, manure, etc., are production factors, while the harvest is the product. Wooden materials and the carpenter’s work are production factors, while the chairs and the tables are products.


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  1. 1.
    K. G. Hagström, Ylleindustriens produktionsförhållanden, Stockholm, 1924 (Statens offentlige utredninger 1924 : 35).Google Scholar
  2. 1.
    In Norwegian statistics, livestock totals have been reckoned as follows: 1 head of cattle = 1/2 horse = 6 sheep or goats = 2 pigs = 4 reindeer. For a criticism of this method of computation see Jordbrukstellingen i Norge 20. Juni 1929, Vol. IV, p. 292, Oslo, 1932.Google Scholar
  3. 1.
    In Part Four of this book the main features of the theory of multi-ware production are discussed.Google Scholar

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© Springer Science+Business Media Dordrecht 1965

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  • Ragnar Frisch

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