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Input-output |
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Input-outputRefers to the structure of intermediate transactions among industries, in which one industry's output is an input to another, or even to itself.Similar MatchesGross outputGross outputThe total output of a firm, industry, or economy without deducting intermediate inputs. For a firm or industry, this is larger than its value added which is net of its own intermediate inputs. For an economy, gross output is greater than net output, which deducts the amount of the good itself used as an intermediate input. Input output tablesInput output tablesTables that indicate how much each industry requires of the production of each other industry in order to produce each dollar of its own output. Net outputNet outputThe output of a product that is available for final users, after deducting amounts of it used up as an intermediate input in producing itself and other products. Contrasts with gross output. OutputOutputThe service or product that a customer receives from a process. The output of one process can be the input to a succeeding process. Output augmentingOutput augmentingSaid of a technological change or technological difference if one production function produces a scalar multiple of the other. Also called Hicks neutral. Further Suggestionsoutput taxInput-output table |
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