Economic Output Measure
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An Economic Output Measure is an econometric measure of the of output of economic activity for a given economy over a given time period.
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- Example(s):
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- See: Economics, Good (Economics), Service (Economics), Production, Costs, And Pricing, Economics (Textbook), Macroeconomics, National Output.
References
2014
- (Wikipedia, 2014) ⇒ http://en.wikipedia.org/wiki/Output_(economics) Retrieved:2014-4-6.
- 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] 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. [3]
- ↑ Alan Deardorff. output, Deardorff's Glossary of International Economics.
- ↑ Paul A. Samuelson and William D. Nordhaus (2004). Economics, 18th ed., under "Glossary of Terms."
- ↑ H.L Ahuja (1978). Macro-development economics: an analytical approach,"
2013
- http://www.economist.com/economics-a-to-z/o#node-21529611
- QUOTE: The fruit of economic activity: whatever is produced by using the FACTORS OF PRODUCTION.
- http://www.economist.com/economics-a-to-z/f#node-21529931
- QUOTE: Factors of production: The ingredients of economic activity: land, labour, capital and enterprise.