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2 years ago

The total amount of output produced with a given amount of resources is known as the total.

Business

1 answer:

Aleksandr-060686 [28]2 years ago

7 0

The total amount of output produced with a given amount of resources is known as the total product.

<h3>What is the output?</h3>

Output refers to something received from the manufacturing and production of raw materials by optimum utilization of resources. When we utilise raw materials in the manufacturing unit, the product we receive is refers as output.

The resources of a business include machines, types of equipment, raw materials, and manpower when these resources are combined together then, the output is received in the form of a total product.

Learn more about resources, here:

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