answersLogoWhite

0

In economics, the difference between cost of materials and labor to produce a product, and the sale price of a product is the Value added. In national accounts used in macroeconomics, value added is the contribution of it refers to the contribution land, labor, and capital goods (the factors of production), to increasing the price of a product, the value added is then the income received by the owners of these factors. The national value added is shared between capital and labor (as the factors of production), and this sharing gives rise to issues of distribution.

sources:
http:/en.wikipedia.org/wiki/Value_a

User Avatar

Wiki User

15y ago

What else can I help you with?

Related Questions

Does present values have value adding up property?

Net present value method has value adding-up property


How can you eliminate non added value activities?

non value adding activities can not be eliminated. Waste are non-value adding activities that should be eliminated.


What is the antonym of place value?

adding


What is the value of an antique victor adding machine?

What is the value of a Victor Adding Machine, Model 7 57 54, Serial # 3425-389


What is USP of axis bank?

adding value to customers


Adding a dot to a note increases its duration by?

Adding a dot to a note increases its duration by half its value.


What does adding value mean?

Your adding more stuff to make it worth whatever it is or to just make it valuable


What is the key to national wealth?

Adding value to raw materials.


Do hood ornaments add value to a car?

When restoring a vehicle that originally had a hood ornament, adding the hood ornament will increase its value. However, if no hood ornament was originally on the vehicle, then adding one typically will not increase the car's value.


What are the advantages of a place-value system over a non-place-value system?

Try adding 2 to 4 in Roman numerals: IV + II =? Or adding 1 to 8: VIII + I =?


When adding 2 integers will the answer be positive?

When adding two integers, the answer will be positive if both integers are positive, or if one is negative but its absolute value is smaller than the absolute value of the positive integer.


What is the key component of national wealth?

Adding value to raw materials.