Potential output
Potential output
Glossary of business
Definition of potential output
Potential output for an economy is the output that could be achieved if all resources were to be fully deployed. Potential output tends to grow each year as technology and productivity improve each year. The potential output for an individual firm is what they could produce with all their given resources.
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Terminology about business
Job world
Definition and meaning of potential output
Meaning of potential output
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