Average Product

Business, Legal & Accounting Glossary

Definition: Average Product

Average Product

Full Definition of Average Product

The average product of a factor in a firm or industry is its output divided by the amount of the factor employed.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Average Product. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 02, 2021 https://payrollheaven.com/define/average-product/.
Chicago Manual of Style (CMS):
Average Product. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/average-product/ (accessed: December 02, 2021).
American Psychological Association (APA):
Average Product. PayrollHeaven.com. Retrieved December 02, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/average-product/

Definition Sources

Definitions for Average Product are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.