luokanoton
Luokanoton is a Finnish language word referring specifically to domestic expenditure on goods and services. It is a concept most notably recognized within the context of national accounts and official statistics. The term can be translated to English as "household expenditure at factor cost", emphasizing the domestic nature of its application.
Marja Lappi-Risch, a Finnish economist, introduced the concept of luokanoton in 1979. She differentiated luokanoton from
The luokanoton concept encompasses various types of expenditure, including current and fixed costs, settlements for previous
From an accounting perspective, the term remains specialized, typically utilized within the realms of Finnish and