The term "inputs" describes the raw materials that producers employ to create a specific product. The finished product that will be sold on the market is known as the output once the production process is complete.
What are inputs of raw materials?
The amount of raw materials needed to generate the items that are accessible for use in the economy's production and consumption activities is known as the raw material input (RMI).
What do the production process' inputs mean?
All materials used to produce goods and services are considered inputs. Workers' time, fuel, materials, buildings, and equipment are a few examples of inputs.
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