differentiated product

Definitions

Economics

  • A firm's product that is not identical to products of other firms in the same industry. Contrasts with homogeneous product.
  • Sometimes applied to products produced by a country, even though there are many firms within the country whose products are the same, if buyers distinguish products based on country of origin. This is called the armington assumption.
http://www.dictionarycentral.com/definition/differentiated-product.html