What is 'low cost' production 'no cost' production and 'high' cost production pratices??? Share with your friends Share 0 Suman answered this suman choudhary -1 View Full Answer Tamanna Gupta answered this No cost production practices are the practices which do not require any capital .Low cost production practices are the practices which require a little bit of capital (money)High cost production practices are the practices which require a lot of capital. -5