Professional Documents
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Cost of production
Production Value
According to Dey et al. (2008), the term "average annual income of aqua-farmers" denotes
the average annual income derived by individuals or organizations engaged in aquaculture,
which involves the cultivation of aquatic creatures such as fish or shellfish through their
aquaculture activities.
According to Brown (2012), the term "cost of production" encompasses the aggregate
expenses associated with manufacturing a particular good or providing a service. These
expenses cover various aspects, including labor, overhead, raw materials, and other inputs
required for the production process.
According to Delgado et al. (2003), the "producer price index" (PPI) is a statistical measure
designed to track the typical fluctuations in selling prices that producers receive for their
goods and services over time. This index offers insights into how prices evolve at the
producer or wholesale level, serving as a valuable tool for evaluating inflationary pressures
in this stage of the supply chain, prior to the goods reaching consumers.
According to Brugère and Ridler (2004), the term "rate of increase in aquaculture
production" pertains to the pace or percentage at which the quantity of aquatic organisms
cultivated through aquaculture methods grows within a specified timeframe. This metric
quantifies the changes in production volume over time, offering insights into the rate of
expansion or growth within the aquaculture sector.
According to Aquaculture Development (2001), the term "fish inflation rate" signifies the
percentage increase or change in the cost of fish and seafood within a specified time frame.
This metric is utilized to evaluate the rate of price fluctuation for fish and seafood purchases
over time, offering insights into whether inflation or deflation is occurring within this
particular food category.
According to Nash (2010), the phrase "number of aquaculture farms" represents the total
count of distinct operations or establishments that employ aquaculture methods to nurture
and generate aquatic species such as fish, shellfish, or aquatic plants. This metric
quantifies the quantity of aquaculture farms or enterprises within a designated area or
region.
According to Nations (2019), the term "Gross Added Value," also known as Gross Value
Added (GVA), is a measure used to assess the contribution of a sector, industry, or
business to the overall economy. It is calculated by subtracting the cost of intermediary
products and services from the total revenue generated by that industry or organization.
GVA serves as a commonly employed metric for evaluating economic productivity and
performance because it quantifies the value that production adds to the economy.
According to the Oecd (2017), the term "production value" refers to the comprehensive
monetary value or worth of the products or services generated within a specific sector,
industry, or company during a specified timeframe. This measurement encompasses all the
expenses and revenues associated with the goods produced and serves as a vital indicator
of the level of economic activity within that industry or organization.
According to Siar (2020), the term "Gross Value at Constant Price" (GVCP) signifies the
comprehensive value of products and services produced within a specific sector, industry,
or economy. What sets it apart is that it is adjusted for inflation or other price fluctuations,
allowing for meaningful comparisons of economic output over time. This adjustment
accounts for the impact of inflation, providing a more accurate representation of changes in
production over time or actual economic growth.
According to Siar (2020), the phrase "Gross Value at Constant Price Rate" typically
denotes the rate of growth or percentage change in the gross value at constant prices over
a specific time period. This metric assesses alterations in the total value of goods and
services within a sector or economy while factoring in the effects of inflation or price level
adjustments. The rate serves as a valuable tool for determining the actual, inflation-
adjusted increase or decrease in economic output.
According to Siar (2020), "Gross Value at Current Price" is defined as the overall worth of
goods and services generated within a specific sector, industry, or economy without
factoring in inflation or other price adjustments. This metric provides a raw, nominal
representation of economic activity, reflecting the actual, unadjusted monetary worth of
production, and does not account for changes in the purchasing power of the currency.
According to Siar (2020), the term "Gross Value at Current Price Rate" represents the
complete monetary value of goods and services generated within a particular sector,
industry, or economy. This calculation is conducted without incorporating inflation or other
price adjustments, offering an unaltered, nominal portrayal of economic activity. It reflects
the actual, unadjusted monetary worth of production and does not take into account
fluctuations in the purchasing power of the currency.
According to Boyd and McNevin (2015), the term "Total Area of Production (MT)" typically
pertains to the entire land area or geographic region utilized for a specific type of
production, such as farming or agriculture. What makes this nomenclature somewhat
unconventional is that it is expressed in metric tons (MT), which is typically a unit for
measuring weight, not area. However, in this context, it serves to quantify the size or
volume of production and indicates how much land is being used for a particular economic
activity.
According to Smith et al. (1980), the term "Municipality fishing bancas" is most likely
indicative of small fishing boats or canoes employed by local fishermen within a particular
town or local area. These bancas are typically modest, traditional watercraft frequently
utilized by the local populace for the purpose of harvesting fish and other aquatic
resources, both in inland and coastal regions. They hold significant importance in sustaining
the livelihoods of numerous coastal and fishing communities.
According to Brown (2012), the phrase "Average Annual Expenditure (Million)" denotes the
average annual expenditure of money, typically measured in millions of a specific currency,
such as dollars or euros. This metric provides insight into the average yearly spending on a
particular project, category, or expenditure item.
Type Citation
Service, F. a. a. O. O. T. U. N. I. W. R. a. A.
Independent (2006). State of World Aquaculture 2006.
Food & Agriculture Org.
Nations, F. a. a. O. O. T. U. (2019).
Understanding and measuring the
Independent contribution of aquaculture and fisheries to
gross domestic product (GDP). Food &
Agriculture Org.