MLchartDataset catalogue

KLEMS

Term · Economic statistics · MLC-T-ECS-001025

Acronym for capital (traditionally denoted with a “K”), labor, energy, materials, and services, which are the basic inputs into the production process.

Note: At the industry level, total factor productivity (also known as multifactor productivity) is the portion of sectoral output growth that cannot be explained by the growth in these KLEMS inputs.

Table 1. Record
IdentifierMLC-T-ECS-001025
FieldEconomic statistics
ReferencesBLS Glossary
Record as JSON 
{
  "id": "MLC-T-ECS-001025",
  "term": "KLEMS",
  "field": "Economic statistics",
  "definition": "Acronym for capital (traditionally denoted with a “K”), labor, energy, materials, and services, which are the basic inputs into the production process.\n\nNote: At the industry level, total factor productivity (also known as multifactor productivity) is the portion of sectoral output growth that cannot be explained by the growth in these KLEMS inputs.",
  "references": [
    "BLS Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/klems/"
}

Record 1,025 of 2,177 in Economic statistics terminology (MLC-0116). Request the full dataset.