value added

What is value added?

value added definition and meaning on Finance terms:
The value of output less the value of intermediate consumption. The gross value added at basic prices is defined in the ESA 2010 as the output valued at basic prices less intermediate consumption valued at purchaser prices, before deduction of consumption of fixed capital. <

 

reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html

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