Definition: Analysis by production
Analysis by production is a type of economic analysis focusing on the unit of homogeneous production (UHP) or homogeneous branch. The UHP is however not normally a suitable unit for observation since it is a statistical construct. Thus product totals themselves can only in general be devised by a process of manipulation at the level of the individual units.
Product classifications currently used include:
- Classification of Products by Activity (CPA) which is used at EU-level,
- PRODCOM, Eurostat,
- Combined Nomenclature (CN), Eurostat,
- Harmonised System (HS), World Trade Organization,
- Central Product Classification (CPC), United Nations.
It is important to distinguish analysis by production from the analysis by industry.