Details

Title
NET MATERIAL PRODUCT
See also
GROSS DOMESTIC PRODUCT
MARXIAN ECONOMICS
GROSS NATIONAL PRODUCT
NATIONAL ACCOUNTS
NoteA concept based on Marxian labour theory of value. It is the value of goods and services turned out by the so-called "productive sectors" of the economy. It does not cover the bulk of services turned out by the so-called "non-material branches" of the economy
Related resourceEMPU,F & S per World Bank Glossary
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