Input-output Analysis
In input-output analysis, disaggregated data on gross and net outputs of different economic sectors and sub-sectors is used to study the transactions between them. Thus, for example, a sector purchases inputs from several other sectors and sells outputs to several other sectors. By identifying the quantities of inputs and outputs involved, we can estimate what the effect will be of fluctuations in business activity within one sector, or group of sectors on the economy as a whole.
Read more about this topic: Net Output
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“Ask anyone committed to Marxist analysis how many angels on the head of a pin, and you will be asked in return to never mind the angels, tell me who controls the production of pins.”
—Joan Didion (b. 1934)
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