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In the context of project financing, a defined portion of the proceeds of production up to a dollar amount.
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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.
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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.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
Mastitis - An important production disease of dairy animals.
Anil Bhikane, Professor of Medicine, Veterinary College, MAFSU, Udgir on various production diseases in bovines; Dr.
Such high yielding animals are usually in a delicate balance between the input and output and many a times these animals maintain the output in terms of production even at the cost of body reserves and internal metabolites leading to development of number of production diseases viz., ketosis, fat cow syndrome, milk fever, downer's cow syndrome, hypomagnesemic tetany, post parturient haemoglobinuria etc.

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