Production

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Production

In the context of project financing, a defined portion of the proceeds of production up to a dollar amount.

Production

1. The process of turning raw material into a product that is sold. For example, a company's production may involve turning silver, zinc, and mercury into a dental filling.

2. Less commonly, the revenue one derives from production.

production

the act of combining FACTORS OF PRODUCTION (labour, capital, etc.) by FIRMS to produce OUTPUTS of goods and services. The relationship between inputs and outputs in physical terms is shown by the PRODUCTION FUNCTION and in cost terms by the COST FUNCTION. See BATCH PRODUCTION, MASS PRODUCTION, FLEXIBLE MANUFACTURING SYSTEM.
References in classic literature ?
By discarding a claim to knowledge of the ultimate purpose, we shall clearly perceive that just as one cannot imagine a blossom or seed for any single plant better suited to it than those it produces, so it is impossible to imagine any two people more completely adapted down to the smallest detail for the purpose they had to fulfill, than Napoleon and Alexander with all their antecedents.
They have here two harvests in the year, which is a sufficient recompense for the small produce of each; one harvest they have in the winter, which lasts through the months of July, August, and September, the other in the spring; their trees are always green, and it is the fault of the inhabitants that they produce so little fruit, the soil being well adapted to all sorts, especially those that come from the Indies.
And yet as no nation produces so many drunken quarrels, especially among the lower people, as England (for indeed, with them, to drink and to fight together are almost synonymous terms), I would not, methinks, have it thence concluded, that the English are the worst-natured people alive.
In this way our dairy produce came, in time, to command higher prices in the market than that sent by other communes.
They take all the hides produced in the department itself, and even draw part of their supply from Provence; and yet the Tyrolese uses more leather than they can produce, and has forty work-people in his employ!
The country upon which all others depend for their supplies will be the land which will promulgate free trade, for it will be conscious of its power to produce its manufactures at prices lower than those of any of its competitors.
France, no doubt, possesses more than one well-educated man and more than one patriot in every commune; but I am fully persuaded that not every canton can produce a man who to these valuable qualifications unites the unflagging will and pertinacity with which a blacksmith hammers out iron.
There is plenty of demand in a large city for produce of all kinds, but not every commune is situated at the gates of a city.
All this tends to the prejudice of the truth and the corruption of history, nay more, to the reproach of the wits of Spain; for foreigners who scrupulously observe the laws of the drama look upon us as barbarous and ignorant, when they see the absurdity and nonsense of the plays we produce.
The laws of correlation of growth, the importance of which should never be overlooked, will ensure some differences; but, as a general rule, I cannot doubt that the continued selection of slight variations, either in the leaves, the flowers, or the fruit, will produce races differing from each other chiefly in these characters.
I owe all to the ocean; it produces electricity, and electricity gives heat, light, motion, and, in a word, life to the Nautilus.
In the wake of revelations of unsanitary conditions at a produce wholesaler in Los Angeles, county supervisors moved Tuesday to step up enforcement of wholesalers countywide.