Input Output Model | Mathematical Economics | Learn Oikonomia
This video discusses Input Output Model
An input-output model consists of three components: A table showing the cost of inputs such as goods and services, labour and capital, consumed by each industry in the production process. This is called the input, or use, matrix. A table showing which goods and services are produced by each industry.
#InputOutputModel #matrix #Interindustry #Mathematicaleconomics
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