In economics, an input–output model is a quantitative economic model that represents the interdependencies between different sectors of a national economy or different regional economies. Wassily Leontief (1906–1999) is credited with developing this type of analysis and was awarded the Nobel Prize in Economics for his development of this model.
In economics, an input–output model is a quantitative economic model that represents the interdependencies between different sectors of a national economy or different regional economies. Wassily Leontief (1906–1999) is credited with developing this type of analysis and was awarded the Nobel Prize in Economics for his development of this model.
Source: Wikipedia "Input–output model" · CC BY-SA 4.0
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