Input Output Model | Leontief Model | Mathematical Economics | Part 1 | Ecoholics
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Input Output Model | Leontief Model | Mathematical Economics | Part 1 | Ecoholics
Input-output is a novel technique invented by Professor Wassily W. Leontief in 1951. It is used to analyse inter-industry relationship in order to understand the inter-dependencies and complexities of the economy and thus the conditions for maintaining equilibrium between supply and demand. Thus it is a technique to explain the general ...
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