Product (business)

The noun product (prod'?kt or-ukt) is defined as a "thing produced by labor or effort" or the "result of an act or a process", and stems from the verb produce (pr? doos' or -dyoos') from the Latin produce(re), (to) lead or bring forth. Since 1575, the word "product" has referred to anything produced. Since 1695, the word has referred to "thing or things produced". The economic or commercial meaning of product was first used by political economist Adam Smith.


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