What is in economics, what is the input model?
Input-out-out model is a way to display economic relations between suppliers and producers in the economy. These models can be used for a number of purposes, including the prediction of industry profitability and analysis of the effects of changes in the economy. National and regional governments have used the input models to determine where the allocation of government funds and to increase efficiency by designation that industry has the greatest economic effect. He developed a way to transform a huge amount of raw economic data collected by companies and governments into matrices for easier study. These matrices could then be manipulated to explore the potential results of price changes, lack of material and other changes in the economy. Leontief received the Nobel Prize for the Economy for this success.ed to a large scale of economic systems, but can also be used to analyze individual companies. The closed input model consists of a system that does not accept any external inputs, and all system outputs are consumed in the system itself. TakoVé systems exist, but are rare. More common is an open model of input output, which consists of a system that consumes part of its own output and the rest sends some external entity. For example, an oil company can sell most of its gross production to other companies and maintain the rest for their own use.
A number of academic concepts are related to the input models. The economic base analysis studies local economies in relation to their export by analyzing employment data. It is based on the assumption that the local economy consists of a component based on exports and components that support the production of these exports. Increasing the number would cause a supporting local economy to grow. The resulting information is used to determine which export industries would provide the largest local economic growth.
Another related concept is to analyze sharing sharing. Share sharing analysisIt seeks to understand the fluctuations in the level of employment of local economies in relation to the overall national economy and the nation state of specific industries. The establishment of the effect of national economic influences provides a clearer image of the local economy. This allows the local administration to determine how to invest resources in a way that will build a local economy, instead of trying to influence factors that research suggests that they cannot control.