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Output in economics
Economics

File:Ballard Farmers' Market - vegetables.jpgEconomics is the Social sciences that studies the Production theory basics, Distribution , and Consumption of Good and Service ....
 is the total value
Value (economics)

The economic value of a good or service has puzzled economists since the beginning of the discipline. First, economists tried to estimate the value of a good to an individual alone, and extend that definition to goods which can be exchanged....
 of all of the goods and services produced
Production

Production may be:In Economics:* Production, costs, and pricing, the act of making products * Production, the act of manufacturing goods* Production as statistic, gross domestic product...
 in an entity's economy. It is a concept used in macroeconomics
Macroeconomics

Macroeconomics is a branch of economics that deals with the performance, structure, and behavior of a national or regional economy as a whole....
, or the study of the economic transactions of broad groups such as countries.

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
Measurement

Measurement is the process of assigning a number to an attribute according to a rule or set of rules. The term can also be used to refer to the result obtained after performing the process....
 output are utilized.








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Output in economics
Economics

File:Ballard Farmers' Market - vegetables.jpgEconomics is the Social sciences that studies the Production theory basics, Distribution , and Consumption of Good and Service ....
 is the total value
Value (economics)

The economic value of a good or service has puzzled economists since the beginning of the discipline. First, economists tried to estimate the value of a good to an individual alone, and extend that definition to goods which can be exchanged....
 of all of the goods and services produced
Production

Production may be:In Economics:* Production, costs, and pricing, the act of making products * Production, the act of manufacturing goods* Production as statistic, gross domestic product...
 in an entity's economy. It is a concept used in macroeconomics
Macroeconomics

Macroeconomics is a branch of economics that deals with the performance, structure, and behavior of a national or regional economy as a whole....
, or the study of the economic transactions of broad groups such as countries.

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
Measurement

Measurement is the process of assigning a number to an attribute according to a rule or set of rules. The term can also be used to refer to the result obtained after performing the process....
 output are utilized.

See also

  • Measures of national income and output
    Measures of national income and output

    A variety of measures of national income and output are used in economics to estimate total economic activity in a country or region, including Gross Domestic Product , Gross National Product , and Net National Income ....