Production is a process by which, with the help of raw materials, goods are produced and products that are further used for further production, use, or consumption. Thus, inputs are used for the production process to obtain outputs that correspond to consumption - goods or products that have value for the end-user or customer. There are four factors of production, and these are labor, capital, land, and entrepreneurship. Although money is often confused as a factor of production, it is not, because it is not a productive resource. Money can be used to buy certain goods needed for production, such as capital goods (machines, tools). Technology plays an important role in production because it automates and speeds up the entire production process. It brings with it various advantages, but also disadvantages such as excess labor due to machine automation. It is important to mention monopson, which means the situation in the market where there is only one customer - a monopsonist. In the market of factors of production, resources or outputs are converted through the process of transformation into inputs that consumers ultimately buy. It is the market that is in demand for certain products, and if there are no demand, it needs to be created and increased.