The creation of product/life from a similar life form is called reproduction.

Explanation

**Step-by-Step Text Solution:**

1. **Understanding the Question**: The question asks for the term that describes the creation of a new life form from a similar existing life form.

2. **Defining Reproduction**: Reproduction is defined as a biological process through which new individual organisms, known as offspring, are produced from their parents.

3. **Importance of Reproduction**: Reproduction is a fundamental characteristic of all known life forms. It ensures the continuity of species across generations, allowing life to persist on Earth.

...