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The combination of resources (raw material, labor, capital)called inputs.
Inputs are required to achieve desired production goals called outputs.
IO-analysis in monetary terms has been introduced
by Leontief and carried out for economic studies since the 1930s (Leontief, 1936). Since the late 1960s input-output methods
have also been used to describe and analyse the economy-environment relationship. These models are regarded as powerful tools,
in particular for applications on the international level.
Raw materials, water, and air are extracted from the natural
system as inputs, transformed into products and finally re-transferred to the natural system as outputs (waste and emissions).
One of the most important applications of input-output analysis is the calculation of total input requirements for a unit
of final demand. By doing so, one can assess not only the direct requirement in the production process of the analysed sector
itself, but also all indirect requirements resulting from intermediate product deliveries from other sectors.
In this
task, we are going to analyse NOKIA company by using Input-output modle.
NOKIA company is a Finnish company offering comprehensive
services for machinery and equipment manufacturers enabling them to utilise modern electronics in their products.
Here
we use a simple Input-output model to analyse.
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