Programming and input-output models, Microeconomics

Programming and Input-Output Models

Output normally refers to total production of a country. The total production is composed of production in three major sectors:

(a) Primary sector including agriculture, irrigation, animal husbandry, forestry, fisheries, and mining/quarrying;

(b) The secondary sector referring to industry including processing and manufacturing, generation of electricity, gas, water, etc. and also ‘construction’;

(c) The services sector comprising transport, communications, trade, commerce, finance, law & order/legal, etc.

The primary sector thus refers to activities in which products derived from natural resources like land, water and animals are included. The secondary sector refers to products derived by a process or an operation (like processing or manufacturing) on the products extracted from the primary sector.  The services sector includes activities in which the products derived from the primary and secondary sectors are distributed to various intermediate and final points of consumption besides providing various other services to producers and consumers.

Posted Date: 12/17/2012 6:02:38 AM | Location : United States

Related Discussions:- Programming and input-output models, Assignment Help, Ask Question on Programming and input-output models, Get Answer, Expert's Help, Programming and input-output models Discussions

Write discussion on Programming and input-output models
Your posts are moderated
Related Questions
Explain what the natural rate of unemployment is. It is necessary here to include a solid explanation based on economic concepts. The natural rate of unemployment is the rate o

Defining Cells Electromotive Force: The main objective of this particular aspect of Physical Chemistry is to examine the relation between free energies and the mechanical energy o

Externalities: Many economic activities have collateral effects (at times positive, but more often negative) on other people who aren't directly involved in that activity. Illustra

Pensions: Pension benefits are paid to individuals who have retired from active employment, in order to support themselves in last years of their lives. Pension programs can be spo

Uses of price and income elasticity of demand: The concept of price elasticity of demand has some uses whihc include the following: (i) Pricing of goods and services It is

what do you understand by linear break-even point? in what way is it useful in managerial economics? what are the assumptions underlying the analysis?

to what extent are interest rates determined by the economic theory

Moving Average Methods: Under this methods the moving average to the sales of the past years is computed. The computed moving average is taken as forecast for the next year or peri

discuss the problems of measuring productivity in actual work situations. how might productivity be measured for each of the following industries: education, government and manufac

What are externalities? Give an example of positive and negative externality and explain why the market outcomes are inefficient in the presence of externalities?