capital consumption allowance

capital consumption allowance definition - business

capital consumption allowance

The expenditures a country must make in order to maintain its productivity. Capital consumption allowance for a nation is analogous to depreciation expense for a business. Gross domestic product less the capital consumption allowance equals net domestic product.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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