Glossary of economics research
Results of search for value added follow:
value added:
A measure of output. Value added by an organization or industry is, in
principle:
revenue - non-labor costs of inputs
where revenue can be imagined to be price*quantity, and costs are usually
described by capital (structures, equipment, land), materials, energy,
and purchased services.
Treatment of taxes and subsidies can be nontrivial.
Value-added is a measure of output which is potentially comparable
across countries and economic structures.
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