Input-Output Table

An input-output table is a tool used to show how different parts of a system or economy interact. It lists inputs (resources like labor, materials, or money) and the outputs they produce (goods, services, or financial returns). The table helps analyze how changes in one area affect others, illustrating the flow of resources and products. It’s commonly used in economics to understand the relationships between industries or sectors, making it easier to assess economic activities, plan resource allocation, and evaluate overall efficiency.