industrial production

Definitions

The process of manufacturing goods on a large scale using machinery and organized labor.

The total output of a country's manufacturing, mining, and utility sectors, often used as an economic indicator.

Examples

The country's industrial production has seen a significant decline over the past three quarters.

New government policies are aimed at boosting industrial production to strengthen the national economy.

Synonyms

manufacturing mass production factory output commercial manufacturing industrial output

Antonyms

handcrafting artisanal production manual labor cottage industry custom craftsmanship