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Glossary of the 1993 SNA - Definition of Term

TermRecurrent losses (from inventories)
DefinitionRecurrent losses (from inventories) are those losses incurred on goods held in inventories due to normal rates of wastage, theft and accidental damage which reduce the value of the total change in inventories, and hence output.
Paragraphs6.62.
 
It is acknowledged that this glossary uses descriptions of the OECD glossary of statistical terms, the Glossary of the System of National Accounts 1993 and the UN classifications registry.
 
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