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1. Something produced by human or mechanical effort or by a natural process, as: a. An item that is made or refined and marketed: farm products; soaps, detergents, and similar products; travel products such as vacation trips. b. Such items considered as a group: sold a lot of product in May.
What is the difference between Manufacturing and Production? â¢ Manufacturing is a process of using machines and manual labor to make goods that are sold to end consumers, and making use of raw materials to transform it onto a finished product is termed as production. â¢ A coal mine is said to produce coal as there is no manufacturing involved and so there is coal production. â¢ Iron, when it is used as a raw material and converted into a new product called steel, the process is termed as production and not manufacture. â¢ Oil is not manufactured.