Aggregate Production
Aggregate production refers to the total output of goods and services in an economy over a specific period. It encompasses various sectors, including agriculture, manufacturing, and services, and is often measured using indicators like Gross Domestic Product (GDP). This measurement helps economists assess economic performance and growth.
In the context of construction, aggregate production also refers to the process of extracting and processing materials like sand, gravel, and crushed stone. These materials are essential for building infrastructure, such as roads and bridges, and are often referred to as construction aggregates. Efficient aggregate production is crucial for meeting the demands of the construction industry.