Advertisement Remove all ads

Define the Following : Value Addition - Economics

Definition

Define the following: Value Addition

Advertisement Remove all ads

Solution

Value Addition: Value addition on a good refers to the increase in the value of good at each successive stage of production. Algebraically, Value Addition is the difference between the total value of the output and the total value of the intermediate consumption.

Value Addition = Total Value of Output – Total Value of Intermediate Consumption.

Concept: Methods of Calculating National Income - Value Added Or Product Method
  Is there an error in this question or solution?
Advertisement Remove all ads
Advertisement Remove all ads
Advertisement Remove all ads
Share
Notifications

View all notifications


      Forgot password?
View in app×