2. One who grows agricultural products, or manufactures crude materials into articles of use.
3. (Iron & Steel Manuf.)
Defn: A furnace for producing combustible gas which is used for fuel.
PRODUCE RACE
Prod"uce race. (Horse Racing)
Defn: A race to be run by the produce of horses named or described at the time of entry.
PRODUCER'S GOODS
Pro*duc"er's goods. (Polit. Econ.)
Defn: Goods that satisfy wants only indirectly as factors in the production of other goods, such as tools and raw material; — called also instrumental goods, auxiliary goods, intermediate goods, or goods of the second and higher orders, and disting. from consumers' goods.
PRODUCER'S SURPLUS; PRODUCER'S RENT
Producer's surplus. (Polit. Econ.)
Defn: Any profit above the normal rate of interest and wages accruing to a producer on account of some monopoly (temporary or permanent) of the means or materials of production; — called also Producer's rent.
PRODUCIBILITY
Pro*du`ci*bil"i*ty, n.