Output (economics)
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Output in economics is the "quantity of goods or services produced in a given time period, by a firm, industry, or country,"[1] whether consumed or used for further production.[2]
Net output, sometimes called netput is a quantity, in the context of production, that is positive if the quantity is output by the production process and negative if it is an input to the production process.
Several different methods of measuring output are utilized.
[edit] See also
[edit] Notes
- ^ Alan Deardorff. output, Deardorff's Glossary of International Economics.
- ^ Paul A. Samuelson and William D. Nordhaus (2004). Economics, 18th ed., under "Glossary of Terms."
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