The term "premium economy product" refers to a type of airline seat or service that falls between regular economy class and business class. It typically offers more legroom, wider seats, and additional amenities such as complimentary food and drinks, priority boarding, and enhanced entertainment options compared to standard economy class. The goal is to provide a higher level of comfort and convenience for passengers who are willing to pay a slightly higher price than regular economy but don't require the full range of services offered in business class.