Definition of Economic output
Get Babylon's Dictionary & Translation Software Free Download Now!
Economic output Definition from Encyclopedia Dictionaries & Glossaries
Wikipedia English - The Free Encyclopedia
Output in economics is the "quantity of goods or services produced in a given time period, by a firm, industry, or country," whether consumed or used for further production. The concept of national output is absolutely essential in the field of macroeconomics. It is national output that makes a country rich, not large amounts of money.
|See more at Wikipedia.org...|