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Laumakis, Paul J. – PRIMUS, 2008
This article details the application of an economic theory to the fiscal operation of a small engineering consulting firm. Nobel Prize-winning economist Wassily Leontief developed his general input-output economic theory in the mid-twentieth century to describe the flow of goods and services in the U.S. economy. We use one mathematical model that…
Descriptors: Mathematical Models, Algebra, Engineering, Economic Factors