Homogeneity Principle
From Open Risk Manual
Definition
Homogeneity Principle. One of the three fundamental principles underlying the I-O accounts. Under this principle, each industry’s output is produced with a unique set of inputs or a unique production function.
The other two principles are the Consistency Principle and the Proportionality Principle.[1]
References
- ↑ Concepts and Methods of the US Input-Output Accounts. K.J.Horowitz, M.A.Planting, 2009
