What is Total Product?

What is Total Product?

What is Total Product (TP)?

Total product refers to the total quantity of goods produced at a particular time as a result of the use of all the factors of product. Total product depends mainly on the quantity of all the factors of production that are applied in production.

TP = AP x Labour

 

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Somtochukwu

Motivational speaker 🔊 and writer.

Somtochukwu speaks to English hearing audiences and she writes motivational and informational books.

She can always booked as an external speaker for your event, conference, in order to propel them to achieve more.
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