Definition: Production costs

ESA 1995

Production costs are the sum of intermediate consumption, compensation of employees, consumption of fixed capital and other taxes on production.  For this criterion other subsidies on production are not deducted.  To ensure consistency of the concepts sales and production costs when applying the 50% criterion, the production costs should exclude all costs made for own-account capital formation.
Source:
Eurostat, "European System of Accounts - ESA 1995", Office for Official Publications of the European Communities, Luxembourg, 1996
Created:
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