Definition
The result of an economic process that has used inputs to produce a product or service that is available for sale or use somewhere else.
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.
Read more about this topic: Output (economics)
Famous quotes containing the word definition:
“It’s a rare parent who can see his or her child clearly and objectively. At a school board meeting I attended . . . the only definition of a gifted child on which everyone in the audience could agree was “mine.””
—Jane Adams (20th century)
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—Walter Pater (1839–1894)
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—François, Duc De La Rochefoucauld (1613–1680)