through put is the time taken by amount of material or items passing through a system or process.
Turn around time is the time taken for execution between command and output ( gen used in programming)
wait time is the time taken for the response to come or a service to be executed
Response time is the total time taken by to execute and get result.
FOr ex at a restutant : trough put is the time your meal is made, turnaround would be the time waiter took to send order to kitchen till the time your meal came
Wait time is the time you had to wait after you placed the order and reponse time is the total of all the above as soon as you placed the order....hope this made sense!