Value Added

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#11 week ago
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+Value added is the increase in worth that a firm or industry contributes to a product or service. It is the difference between sales revenue and the cost of [Intermediate Goods](/wiki/intermediate_goods) and [Raw Materials](/wiki/raw_materials) used in its production, signifying the true wealth created.
+## See also
+- [Gross Domestic Product](/wiki/gross_domestic_product)
+- [Economics](/wiki/economics)
+- [Production](/wiki/production)
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