The difference between Makeup and Product
When used as nouns, makeup means an item's composition, whereas product means a commodity offered for sale.
check bellow for the other definitions of Makeup and Product
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Makeup as a noun (uncountable):
An item's composition.
Examples:
"To understand how a nuclear reactor works, we must first look at its makeup."
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Makeup as a noun (uncountable):
Cosmetics; colorants and other substances applied to the skin to alter its appearance.
Examples:
"She is wearing a lot of makeup."
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Makeup as a noun (manufacturing):
Replacement; material used to make up for the amount that has been used up.
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Makeup as a noun (education):
A test given to students allowing them to repeat failed material.
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Product as a noun (countable, uncountable):
A commodity offered for sale.
Examples:
"That store offers a variety of products.  We've got to sell a lot of product by the end of the month."
"synonyms: merchandise wares goods"
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Product as a noun (cosmetics, uncountable):
Any preparation to be applied to the hair, skin, nails, etc.
Examples:
"Wash excess product out of your hair."
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Product as a noun (chemistry):
Anything that is produced; a result. The amount of an artifact that has been created by someone or some process. A consequence of someone's efforts or of a particular set of circumstances. A chemical substance formed as a result of a chemical reaction. A quantity obtained by multiplication of two or more numbers. Any operation or a result thereof which generalises multiplication of numbers, like the multiplicative operation in a ring, product of types or a categorical product. Any tangible or intangible good or service that is a result of a process and that is intended for delivery to a customer or end user.
Examples:
"The product of last month's quality standards committee is quite good, even though the process was flawed."
"They improve their product every year; they export most of their agricultural production."
"synonyms: endwork production output creation yield"
"Skill is the product of hours of practice.  His reaction was the product of hunger and fatigue."
"This is a product of lime and nitric acid."
"The product of 2 and 3 is 6.  The product of 2, 3, and 4 is 24."
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Product as a noun (US, slang):
Illegal drugs, especially cocaine, when viewed as a commodity.
Examples:
"I got some product here – you buying?"