national product
/ˌnaʃ(ə)n(ə)l ˈprɒdʌkt/ /ˌnaʃən(ə)l ˈprɒdʌkt/noun
The monetary value of all goods and services produced in a country in a given period (usually one year).
- Usually understood as equivalent to gross national product, i.e. calculated without allowance for depreciation and capital consumption..
Origin
Late 19th century; earliest use found in Science. From national + product.
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