Input-output models describe economic relationships and can be used for forecasting and analyzing effects of changes. Wassily Leontief developed the model and received a Nobel Prize. The models can analyze individual companies and related concepts include economic base analysis and shift-shift analysis. An input-output model is a way of describing the economic relationships between suppliers […]
Input-output models show economic relationships between suppliers and producers. They’re used for forecasting industry profitability and analyzing the effects of economic changes. Wassily Leontief developed the model and won a Nobel Prize for it. The models can be applied to large-scale and individual systems, and related concepts include economic basis analysis and shift-share analysis. An […]
Input-output analysis is a behavioral economics strategy used to understand the impact of one business sector on others within the same economy. Developed by Wassily Leontief, the analysis can identify the impact of a company’s actions on other companies and can be used to project the impact of changes on interconnected industries. It can also […]
