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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 Production? Definition. As per Carl Heyel (16 Feb 1908 - 16 May 2000), Production is the process of transforming raw materials or purchased components into finished products for sale. Image Credits Â© Moon Rodriguez. Meaning of Production Production is a process of transforming (converting) inputs (raw-materials) into outputs (finished goods). So, production means the creation of goods and services.