To function, a printer needs supplies such as ink cartridge, toner and paper.
Input is an economic concept that can be used to name a good that is used in the production of other goods. Depending on the context, it can be used as a synonym for raw material or production factor .
Due to their own characteristics, inputs often lose their properties in order to be transformed and become part of the final product. It can be said that an input is something that is used in the production process for the production of a good. The input, therefore, is used in an activity that aims to obtain a more complex or different good , after having been subjected to a series of specific techniques.
For example, in the manufacture of a wooden table, nails, glue and varnish are inputs. The manufacturer needs these products for the production of the table, which cannot exist without the inputs.
The concept in gastronomy and computing
Ingredients are also the ingredients used in a recipe. Bread ingredients include flour, water , yeast and salt. A sauce, on the other hand, requires various ingredients (such as tomatoes, onions, pepper, garlic, cream, etc.).
The concept of inputs is very common in the IT field. A printer requires multiple inputs for its operation, such as ink cartridges, toners and reams of paper.
The value of inputs depends on their specificity. If an input is generic and can be used in different production processes, its value is likely to be low. On the other hand, if the input is difficult to obtain and is used for a particular product, its value increases.
Input Output Matrix
The input-output matrix (also written input-product or with the acronym MIP ) is a record of the transactions carried out by the various production sectors to satisfy demand with final and intermediate goods (the latter are used during manufacturing itself).
It makes it possible to study the relationship between the productive sectors and the consequences, both direct and indirect, of an increase in final demand. In other words, based on the increase in one of them in particular, it allows calculating the total .
Screws are inputs that allow the manufacture of numerous objects.
Where MIP is used
It is used in the following areas:
* business decisions : MIP offers entrepreneurs who do not have much knowledge about the activities their buyers perform with third parties a detailed description of the path that services and goods follow until they reach final demand. In addition, it provides you with a relative share in the branch to which your company belongs, increasing your possibilities for expansion;
* employment policies : just as the IOM can be used to measure the direct and indirect impact of changes in final demand on a production process, it can also be used to study the impact of decisions related to reducing unemployment. When a particular activity expands, whether public or private, this phenomenon affects other sectors linked to it, and the IOM can be used to calculate total growth based on the growth of any of them;
* projections related to foreign trade : when the balance of payments restricts economic policy in some way, it is possible to determine the volume of imports using input-output calculations. In this way, direct and indirect demand are obtained, belonging to the sectors that have some kind of relationship with imports. On the other hand, the MIP is also used to analyze exports and their inputs, whether direct or indirect, national or imported;
* Cost and price analysis : MIP makes it possible to study the impact that changes in the prices of goods and services, or tax rates, have on the economy.