output

Economic Output

The quantity of a product that a company, sector, or economy can produce over a limited period of time. For example, if a widget factory produces 30,000 widgets in April and is open seven days a week, its output may be measured as 1,000 widgets per day. Economic output may be expressed as a monetary value and may be compared against the costs to produce the output (sometimes called the input).

output

goods and services produced by a firm using resource INPUTS.

output

the GOODS and SERVICES that are produced using a combination of FACTOR INPUTS.