value of production

USAGE SUMMARY

The phrase "value of production" is correct and usable in written English.
It can be used in contexts related to economics, business, or manufacturing to refer to the total worth of goods and services produced. Example: "The value of production in the manufacturing sector has increased significantly over the past year."

✓ Grammatically correct

Academia

News & Media

Science

Human-verified examples from authoritative sources

Exact Expressions

57 human-written examples

Sustainable businesses need to re-evaluate the value of production, create long-lasting products, reuse materials and reduce the amount of stuff in the world.

The Guardian

Among them, Pecorino Romano has become the leading product in terms of both the value of production (over 60% of the total cheese production in Sardinia) and exports.

Agricultural and Food Economics

Productivity loss has been defined as the value of production foregone because of morbidity or mortality [ 1].

BMC Health Services Research

Also included is historical data on the value of production of chickens and eggs as well contribution per state to the value of production.

Cornell University

This annual report contains the marketing year average prices and value of production of principle crops.

Cornell University

Profit equals the total value of production minus the costs of inputs used in production.

Cornell University

Moreover, the value of production is based on market prices, but not everything has a price.

The Economist

A partial budget analysis answers four questions: (1) What increases in value of production are expected?; (2) What decreases in costs are expected?; (3) What decreases in value of production are expected?; and (4) What increases in costs are expected?

Cornell University

Human-verified similar examples from authoritative sources

Similar Expressions

3 human-written examples

The industry appears to be setting its sights on growth opportunities, with 58% of firms forecasting an increase in profits in 2018 and a net balance of 50% of firms anticipating an increase in the value of production-related activities.

Forbes

Friction costs represent the monetary counter-value of production losses that occur during absence from work with a limit to five months [ 21].

BMC Health Services Research

Grocery Stores output per hour was calculated by dividing the Grocery Stores Value of Production by Grocery Stores Total Labor Hours.

University of California, Berkeley

Expert writing Tips

Best practice

When discussing economic indicators, clearly define the scope of "value of production" (e.g., industry-specific, regional, national) to provide context for the figures.

Common error

Avoid using "value of production" interchangeably with "volume of production". Value refers to the monetary worth, while volume indicates the quantity produced.

Linguistic Context

The phrase "value of production" functions as a noun phrase, often serving as the subject or object of a sentence. As Ludwig AI confirms, it's grammatically correct and commonly used. Examples show it quantifying economic activity across sectors.

Expression frequency: Very common

Frequent in

Academia

36%

News & Media

31%

Science

27%

Less common in

Formal & Business

4%

Encyclopedias

2%

Social Media

0%

Ludwig's WRAP-UP

The phrase "value of production" is a grammatically sound and frequently used term, primarily functioning as a noun phrase to quantify the monetary worth of goods and services. Ludwig AI confirms its correctness and common usage. It appears most often in academic, news, and scientific contexts. When using this phrase, ensure clarity by specifying the scope and avoid confusing it with related terms like "volume of production". Alternatives such as "output value" or "production worth" may be suitable depending on the context.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

production value

Reverses the order of the words, slightly shifting the emphasis but retaining the core meaning.

output value

Replaces "production" with "output", focusing on the result of the production process.

production worth

Substitutes "value" with "worth", offering a synonymous expression.

economic value of production

Adds "economic" to specify the type of value being considered.

monetary value of output

Combines "monetary" and "output" to stress the financial aspect of the produced goods or services.

financial return from production

Focuses on the financial return or profit derived from the production process.

total revenue from production

Highlights the total revenue generated by production activities.

market value of production

Emphasizes the value as determined by market prices.

economic output

Uses a more concise term to describe the total economic production.

production income

Focuses on the income generated from the production.

FAQs

How is "value of production" typically calculated?

The "value of production" is often calculated by multiplying the quantity of goods or services produced by their respective market prices. This provides a monetary estimate of the total output.

What factors can influence the "value of production"?

The "value of production" can be influenced by various factors including changes in production costs, market demand, technological advancements, and government policies.

What's the difference between "value of production" and "gross domestic product" (GDP)?

"Value of production" refers to the total value of goods and services produced within a specific sector or entity, while "gross domestic product" (GDP) represents the total value of all goods and services produced within a country's borders during a specific period.

What are some alternatives to using "value of production" in a report?

Depending on the context, you can use alternatives like "output value", "production worth", or "economic output" to convey a similar meaning.