Produksjonforbruk

Produksjonforbruk is a Norwegian term that translates to "production consumption" or "productive consumption." It refers to the use of goods and services in the process of creating other goods and services. This contrasts with final consumption, which is the use of goods and services by households or governments for immediate satisfaction or welfare.

In economic terms, produksjonforbruk includes intermediate goods and services that are incorporated into or transformed during the production process. For example, raw materials like steel used in car manufacturing, electricity consumed by a factory, or accounting services used by a business are all considered produksjonforbruk. These are inputs that contribute to the creation of new outputs.

The concept is crucial for understanding national income accounting and the structure of an economy. When calculating Gross Domestic Product (GDP), it's essential to distinguish between intermediate consumption (produksjonforbruk) and final demand. GDP typically measures the value added at each stage of production, effectively subtracting the value of intermediate goods to avoid double-counting.

Therefore, produksjonforbruk represents the value of goods and services consumed as inputs to the production of other goods and services within an economy during a specific period. It highlights the interconnectedness of different sectors and the flow of goods and services through the production chain.