In 1970, oil output in the USA reached its high. Since then, the quantity of oil we import has skyrocketed.
What does the word "production" mean exactly?
producing something; creating something useful. specifically: the process of making products usable; overall output, particularly of a product or an industry. The definition of a production process is the action that transforms inputs of resources, or the components of production, into useful outputs.
What does production serve as a means for?
"Producing is indeed the organized method by which crude ingredients into completed products and services; the goal of producers is to satiate the need for such transformed resources."
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