“ Production, in contrast with distribution and consumption, is one of the great divisions which all treatises on economics make in dealing with the subject, and as such it is defined in every textbook and its elements and processes dealt with at length. ”

“ Much discussion has, during the growth of the science of economics, centred round what is and what is not productive or unproductive, and as to the relative importance of the functions of production and distribution. ”

“ Etymologically the term implies that we draw wealth forth, and this is the correct idea of production.” Though the mere definition of “production” as the creation of utilities is apparently simple enough, the treatment of the subject has varied from time to time in proportion to the changes which economic science has itself undergone; it has been said that the theory of production is based on unalterable natural facts, but even this cannot be too absolutely stated, for the organization of production changes with social growth. ”