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Glossary

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Economic

Term	Definition
Direct economic contribution	The total value of all sales made to third parties during the year.
Value added	The value that a business adds to the materials and services it has bought. It is equivalent to the sum of all labour payments, the taxes and royalties disbursed to governments and others, plus all returns to capital - including interest payments, profits paid out to shareholders, and money retained in the business for future investment and to replace depreciated assets.

Term

Definition

Direct economic contribution

The total value of all sales made to third parties during the year.

Value added

The value that a business adds to the materials and services it has bought. It is equivalent to the sum of all labour payments, the taxes and royalties disbursed to governments and others, plus all returns to capital - including interest payments, profits paid out to shareholders, and money retained in the business for future investment and to replace depreciated assets.