Widget (economics)
Look up widget in Wiktionary, the free dictionary.
The word widget is a placeholder name for an object or, more specifically, a mechanical or other manufactured device. It is an abstract unit of production.
The Oxford English Dictionary defines it as "An indefinite name for a gadget or mechanical contrivance, esp. a small manufactured item" and dates this use back to 1931. It states that the origin is "perhaps U.S." and for etymology suggests that it may be a variant of gadget.
The term also appears earlier in George S. Kaufman and Moss Hart's 1924 play Beggar on Horseback. General Motors Corporation sponsored a short film in 1939, "Round and Round", which features widgets throughout.