Intermediate Inputs
From Open Risk Manual
Definition
Intermediate Inputs. Purchases of goods and services - such as energy, materials, and purchased services - that are used for the production of other goods and services rather than for final consumption.
These inputs are sometimes referred to as current-account expenditures. They do not include any capital-account purchases nor do they include the inputs from the primary factors of production (capital and labor) that are components of value added.[1]
References
- ↑ Concepts and Methods of the US Input-Output Accounts. K.J.Horowitz, M.A.Planting, 2009
