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Definition 1
Product manufactured along with a different product, in a process in which both are required in the production of another product. In comparison, a by-product is usually an undesirable product.
Definition 2
Jointly manufactured product, such as the Ariane rocket and Airbus aircraft both of which are manufactured by a consortium of European firms scattered all over the continent. See coproduction for details.
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coproduct is in the Industries, Manufacturing, & Technology subject.
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http://www.businessdictionary.com/definition/coproduct.html