On Wednesday, October 29, 2008 at 17:12:28 (-0400) Carl Dassbach writes: >Not as I understand the term. As I understand it, it is the ratio of >the value added by labor to the cost of the raw materials. If most of >the value of a commodity is due to labor and very little to raw >materials, for example, a cpu chip, this is a high value added item. >If, on the other hand, most of the value of the commodity is due to the >raw materials and little to labor, e,g. corn, this is a low value added >product. Although the actual products have changed over time, cores >have historically specialized in high value added products (or >processes) and peripheries in low value added products.
Yeah, I think this is what I meant to write: cost, not price. Bill _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
