This document discusses the Leontief Input-Output Model, an economic model where production equals consumption and input equals output. The model was first proposed by Wassily Leontief and describes how whatever is produced in an economy is consumed. Leontief won the Nobel Prize in Economics in 1973 for his work developing input-output analysis, which studies how industries and sectors are related to each other in an economy.

1. Subject:- BUSINESS MATHEMATICS
PRESENTATION – 01
B.Com(Hons.) IVth sem
Date Of Submission:- 22/03/18

3. Leontief Input – Output Model
(Open Model Method)
• This model gives a description of an economy
in which it is assumed that whatever is
produced is consumed i.e., production equals
consumption or in other words input equals
output.
• This branch of applied mathematics is called
input-output analysis and was first proposed
by Wassily Leontief, who won the Nobel Prize
in economics in 1973 for his work in this area.