Production covers all but one of the following activities:

• A changing the position of a good in time as, for example, holding stock of goods until they are required
• B the provision of some kind of service e.g retailing
• C changing the form of a good from the raw material to the finished product
• D changing the situation of a good as for example , from a factory in Lagos to a retail shop in port harcourt
• E the use of good and services to satisfy individual wants