Net Output is calculated as the difference between the gross product of construction on the one hand and the material costs of construction and the capital repair of buildings and structures on the other. It is an accounting concept, which concept was originally invented to measure the total net addition to a country’s stock of wealth created by production during an accounting interval. Net output is needed to calculate national income and to compile the balance of the national economy of the USSR.
More Post
Latest Post
-
Cathodic Protection – a technique for controlling corrosion
-
Electromagnetism – a discipline of physics
-
Astronomers Measure the Heaviest Black Hole Pair ever Discovered
-
Even Passive Smokers are Extensively Colonized by Microbes
-
Webb discovers Proof that a Neutron Star powers the Young Supernova Remnant
-
Flyback Transformer (FBT)