Added Value

Trevor J. Bentley

Chapter 2 in Making Cost Control Work, 1978, pp 11-15 from Palgrave Macmillan

Abstract: Abstract Though we create it and are taxed on it, the concept of added value (or value added) is not widely understood. It is by no means a new idea. It underlies modern economic theory, and is quite simply the value of the output of an activity (usually a monetary value of sales) less the purchased resources or purchased inputs to the activity.

Keywords: Cost Control; Sales Income; Dividend Taxation; Taxation Interest; Modern Economic Theory (search for similar items in EconPapers)
Date: 1978
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-03191-7_2

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DOI: 10.1007/978-1-349-03191-7_2

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