Concept:
This problem is based on complementary angles and the trigonometric identity:
\[
\tan(90^\circ-\theta)=\cot\theta
\]
We also use another important identity:
\[
\tan\theta \cdot \cot\theta = 1
\]
Whenever angles add up to \(90^\circ\), their tangent values become reciprocals of each other.
Step 1: Observe the given angles carefully.
The expression is:
\[
\tan 48^\circ \tan 16^\circ \tan 42^\circ \tan 74^\circ
\]
Now check which angles are complementary.
We notice:
\[
48^\circ + 42^\circ = 90^\circ
\]
and
\[
16^\circ + 74^\circ = 90^\circ
\]
Thus:
• \(42^\circ\) is complementary to \(48^\circ\)
• \(74^\circ\) is complementary to \(16^\circ\)
Step 2: Convert complementary tangent functions into cotangent functions.
Using:
\[
\tan(90^\circ-\theta)=\cot\theta
\]
we get:
\[
\tan 42^\circ = \tan(90^\circ-48^\circ)=\cot48^\circ
\]
Similarly,
\[
\tan74^\circ=\tan(90^\circ-16^\circ)=\cot16^\circ
\]
Now substitute these into the expression.
\[
\tan48^\circ \tan16^\circ \cot48^\circ \cot16^\circ
\]
Step 3: Rearrange the terms for simplification.
Group corresponding tangent and cotangent pairs:
\[
(\tan48^\circ \cdot \cot48^\circ)
(\tan16^\circ \cdot \cot16^\circ)
\]
Step 4: Apply the identity.
We know:
\[
\tan\theta \cdot \cot\theta = 1
\]
Therefore,
\[
\tan48^\circ \cdot \cot48^\circ = 1
\]
and
\[
\tan16^\circ \cdot \cot16^\circ = 1
\]
Hence,
\[
1 \times 1 = 1
\]
Therefore,
\[
\boxed{1}
\]
is the required value.