Value added

value-addedadd valuevalue-addingvalue additionvalue-addvalue addvalue addingvalue-adding chainadded costadding any value
In business, the difference between the sale price and the production cost of a product is the unit profit.wikipedia
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Value-added modeling

value-added assessmentsvalue-added measuresvalue added methodology
This type of measure is known as a value added modeling or measures.
In this manner, value-added modeling seeks to isolate the contribution, or value added, that each teacher provides in a given year, which can be compared to the performance measures of other teachers.

Net output

Thus gross value added is equal to net output.
In national accounts, net output is equivalent to the gross value added during an accounting period when producing enterprises use inputs (labor and capital assets) to produce outputs.

Intermediate consumption

intermediate goodsintermediateintermediate expenditure
The factors of production provide "services" which raise the unit price of a product (X) relative to the cost per unit of intermediate goods used up in the production of X.
Conceptually, the aggregate "intermediate consumption" is equal to the amount of the difference between gross output (roughly, the total sales value) and net output (gross value added or GDP).

Compensation of employees

compensationcompensation modelstotal labor compensation
Total value added is very closely approximated by compensation of employees plus earnings before taxes.

Added value

value added
Added value in financial analysis of shares is to be distinguished from value added.

Macroeconomics

macroeconomicmacroeconomistmacroeconomic policy
In national accounts used in macroeconomics, it refers to the contribution of the factors of production, i.e., capital (e.g., land and capital goods) and labor, to raising the value of a product and corresponds to the incomes received by the owners of these factors.
Output can be measured or it can be viewed from the production side and measured as the total value of final goods and services or the sum of all value added in the economy.

Surplus value

surplus-valueexploitationsurplus
"Surplus value" is a translation of the German word "Mehrwert", which simply means value added (sales revenue less the cost of materials used up), and is cognate to English "more worth".

Consumption of fixed capital

Capital Consumption Allowancedepreciation
Net value added is obtained by deducting consumption of fixed capital (or depreciation charges) from gross value added.
In national accounts, CFC is a component of value added or Gross Domestic Product, and regarded as a cost of production.

Measures of national income and output

national incomeGNPgross national product
The values added at each stage of production over the previous stage are respectively $10, $20, and $30.

Gross value added

GVAgross value added (GVA)gross value
In national accounts such as the United Nations System of National Accounts (UNSNA) or the United States National Income and Product Accounts (NIPA), gross value added is obtained by deducting intermediate consumption from gross output.
As the total aggregates of taxes on products and subsidies on products are only available at whole economy level, Gross value added is used for measuring gross regional domestic product and other measures of the output of entities smaller than a whole economy.

Value product

Marx's concept corresponds roughly with the concept of value added in national accounts, with some important differences (see below) and with the provision that it applies only to the net output of capitalist production, not to the valuation of all production in a society, part of which may of course not be commercial production at all.

Productive and unproductive labour

productive laborunproductive laborProductive and unproductive labor
A persisting management preoccupation, particularly in large corporations, also concerns the question of which activities of a business are value adding.

Value-added theory

value added theory
The concept of value added was used earlier in economics, where it refers to the increasing value of product in progressing stages of production.

Wage share

labor share of incomelabour shareworkers' share in output

Business

for-profitenterprisefirm
In business, the difference between the sale price and the production cost of a product is the unit profit.

Price

market pricepricesretail price
In business, the difference between the sale price and the production cost of a product is the unit profit.

Cost of goods sold

production costproduction costsCost of sales
In business, the difference between the sale price and the production cost of a product is the unit profit.

Profit (accounting)

profitprofitsprofitability
In business, the difference between the sale price and the production cost of a product is the unit profit.

Economics

economiceconomisteconomic theory
In economics, the sum of the unit profit, the unit depreciation cost, and the unit labor cost is the unit value added.

Direct labor cost

labor costlabour costing
In economics, the sum of the unit profit, the unit depreciation cost, and the unit labor cost is the unit value added.

Revenue

turnoverrevenuesgross revenue
Total value added is equivalent to revenue less intermediate consumption.

Earnings before interest and taxes

operating incomeoperating profitEBIT
Total value added is very closely approximated by compensation of employees plus earnings before taxes.