Share This Article:

Economic Definition of input. Defined.

Offline Version: PDF

Term input Definition: The resources or factors of production used in the production of a firm's output. This term is most frequently associated with the analysis of short-run production, and is often modified by the terms fixed and variable, as in fixed input and variable input. In the short run, the quantity of a fixed input can not be changed, meaning it can not be used to expand output. In contrast, a variable input can be changed, making it THE means of expanding output in the short run.


« innovation | inside lag »


Alphabetical Reference to Over 2,000 Economic Terms