How to Predict the Future of Business Leontief Models Explained

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The Leontief Input-Output Model, developed by Wassily Leontief, is a significant tool in economics used to analyze the interdependencies between different sectors of an economy. With input-output tables, economists can use matrix algebra to analyze the relationships between sectors (see more examples on ‪@MathandStat‬ ). • #mathematics #mathskills #mathtutor #mathvideos #math #maths #matrices #system #linearequations #inputs #output #leontief #closed #model #apcalculus

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