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*But there is also an [[ecology|ecological]] criticism that is sometimes made. The argument here is that, in calculating net output, costs and results are only assessed in ''price'' terms. Therefore, inputs to production and outputs which are not priced, are excluded in the valuation. Yet those inputs and outputs may nevertheless have an economic or human value, regardless of whether a price could be imputed to them or regardless of whether they can be made an object of trade. If the air is polluted, or depletion of fish stocks in the open seas occurs, the cost of repairing that is not accounted for in the net output of polluters or fishing companies. Sometimes [[tax]] levies are therefore imposed. Nowadays the [[Kyoto protocol]] has inspired "emissions trading", where the right to pollute is bought and sold, which some regard as a strictly perverse activity. Others however argue it proves the ability of competitive markets to solve any problem of resource allocation.
==See also==
*[[Gross output]]
*[[Sectoral output]]
*[[GDP]]
*[[Intermediate consumption]]
*[[National accounts]]
*[[Input–output model]]
*[[GNP]]
{{DEFAULTSORT:Net Output}}
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