From Longman Business Dictionarygross productˌgross ˈproduct noun [uncountable] ECONOMICS the total value of goods and services produced in a particular placeIn California, farmers produce about 10% of the state’s gross product.gross productˌgross ˈproduct [countable, uncountable]ECONOMICS the total value of goods and services produced in a particular placeIn California, farmers produce about 10% of the state’s gross product. → product