Is there a relationship between value added and employment

Is there a relationship between value added and employment...

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Is there a relationship between value added and employment? Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC) 1 . Real value added takes into account inflation, thus giving
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Unformatted text preview: a more real idea of the productivity of the company With decreased employment there is more VA, as firms cut the costs by employing less people. 1- as defined at: http://www.nationmaster.com/graph/ind_man_val_add_ann_gro-manufacturing-value-added-annual-growth Labour takes about 60 to 70 percent of a companies costs. If this cost is reduced then the company will increase its VA. VA= Employment Value added sustains employments....
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Is there a relationship between value added and employment...

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