input-output analysis

input-output analysis
Economic analysis developed by Wassily Leontief, in which the interdependence of an economy's various productive sectors is observed by viewing the product of each industry both as a commodity for consumption and as a factor in the production of itself and other goods.

For example, input-output analysis will break down a nation's total production of trucks, showing that some trucks are used in the production of more trucks, some in farming, some in the production of houses, and so on. An input-output analysis is usually summarized in a gridlike table showing what various industries buy from and sell to one another.

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  • Analysis — (from Greek ἀνάλυσις , a breaking up ) is the process of breaking a complex topic or substance into smaller parts to gain a better understanding of it. The technique has been applied in the study of mathematics and logic since before Aristotle,… …   Wikipedia

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