Value added is the amount by which the sale price of a commodity exceeds the value of the materials and labor used to produce it. In mathematical terms, value added = value after production − costs of production.
Tags: profit, value added
Value added is the amount by which the sale price of a commodity exceeds the value of the materials and labor used to produce it. In mathematical terms, value added = value after production − costs of production.
Tags: profit, value added