Production

Production may be: Film In Economics:

In Ecology:

In Entertainment:

In Abstract systems:

See also

Production (economics)

Production is a process of combining various material inputs and immaterial inputs (plans, know-how) in order to make something for consumption (the output). It is the act of creating output, a good or service which has value and contributes to the utility of individuals.

Economic well-being is created in a production process, meaning all economic activities that aim directly or indirectly to satisfy human needs. The degree to which the needs are satisfied is often accepted as a measure of economic well-being. In production there are two features which explain increasing economic well-being. They are improving quality-price-ratio of goods and services and increasing incomes from growing and more efficient market production.

The most important forms of production are

In order to understand the origin of the economic well-being we must understand these three production processes. All of them produce commodities which have value and contribute to well-being of individuals.

Free (The Party album)

Free is The Party's second studio album. Teddy Riley wrote three songs for the album, including the new jack swing-tinged title song, "Free," which was also remixed by house-music legends Steve "Silk" Hurley and E-Smoove. Dr. Dre produced the song "Let's Get Right Down to It," and the group itself also got involved in the writing and producing of the album, which would once again land it another concert tour opening spot with Color Me Badd, its last special for the Disney Channel, "All About The Party," and an appearance on Blossom. However, the album was not as successful on the charts as previous ones, which prompted Damon Pampolina to leave the group.

Track listing

Free: The Future of a Radical Price

Free: The Future of a Radical Price is the second book written by Chris Anderson, Editor in chief of Wired magazine. The book was published on July 7, 2009 by Hyperion. He is also the author of The Long Tail, published in 2006.

Overview

Free follows a thread from the previous work. It examines the rise of pricing models which give products and services to customers for free, often as a strategy for attracting users and up-selling some of them to a premium level. That class of model has become widely referred to as "freemium" and has become very popular for a variety of digital products and services.

Release

Free was released in the United States on July 7, 2009, though the night before, on his blog, Chris Anderson posted a browser readable version of the book and the unabridged audiobook version. Anderson generated controversy for plagiarizing content from the online encyclopedia Wikipedia in Free. Anderson responded to the claim on his The Long Tail blog, stating that there were disagreements between him and the publisher over accurate citation of Wikipedia due to the changing nature of its content, leading him to integrate footnotes into the text. Also on his blog, he took full responsibility for the mistakes and noted that the digital editions of Free were corrected. The notes and sources were later provided as a download on his blog.

Gratis

Gratis /ˈɡrɑːtᵻs/ or /ˈɡreɪtᵻs/ is the quality of an action where the action is willingly provided without any requirement by the provider for compensation or monetary remuneration. It is often referred to in English and Dutch as free of charge (FOC), complimentary, or on the house. Companies, producers, and service providers often provide certain things free of charge as part of a larger business model, pricing strategy, or as a donation.

Etymology

The English term gratis has its origins in late Middle English; from Latin. A contraction of gratiis, meaning 'as a kindness' or 'a show of goodwill', which in turn stems from the root gratia meaning 'grace' or 'kindness'. It is widely used in the Afrikaans, Slovakia, Czech, Hungarian, Croatian, Serbian, Polish, French, Dutch, Spanish, Italian, Portuguese, Romanian, Indonesian, Swedish, Norwegian, Danish, German and some of the other Germanic languages, with the same meaning.

Marketing

In a standard business model where goods and services are exchanged for a monetary compensation, pricing of the goods is a fundamental element of the marketing process. While it would defeat the business model if companies provide all of their goods and services free of charge, it is common for them to provide limited amount of free goods in their promotional mix. Many companies often provide free samples to the press in order to generate media coverage for their products. Depending on the product, companies may provide free samples to prospective buyers.