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Business, 25.10.2019 02:43 desdes1499

The value-added method involves taking the cost of intermediate inputs (o. r., outputs that will, in turn, be used in the production of another good) and subtracting that cost from the value of the good being produced. in this way, only the value that is added at each step (the sale value minus the value of the intermediate goods that went into producing it) is summed up. this method gives us the same result as the standard method of only counting the value of final goods and services because:

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The value-added method involves taking the cost of intermediate inputs (o. r., outputs that will, in...
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