Wassily Wassilyovich Leontief Nobel Prize in Economics, 1973 Input-output analysis shows the...

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Wassily Wassilyovich Leontief Nobel Prize in Economics, 1973

Input-output analysis shows the extensive process by which inputs in one industry produce outputs for consumption or for input into another industry. The matrix devised by Leontief is often used to show the effect of a change in production of a final good on the demand for inputs.

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