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.

This entry comes from Encyclopædia Britannica Concise.
For the full entry on input-output analysis, visit

Seen & Heard

What made you look up input-output analysis? Please tell us what you were reading, watching or discussing that led you here.

Get Our Free Apps
Voice Search, Favorites,
Word of the Day, and More
Join Us on FB & Twitter
Get the Word of the Day and More