WebJun 12, 2024 · Meaning. When the production of two or more products of similar value, are made together with same input and process, is called joint product. The term by-product means a product which is incidentally … WebJan 11, 2024 · A by-product/waste can never be the marginal supply to a demand-driven market that has other unconstrained suppliers, because the supply of the by-product/waste is constrained by the demand for the determining product of the supplying activity.
Difference between joint product and by-product
WebJun 27, 2024 · Co-products are derived as part of another process-often industrial but possibly agricultural-that brings value to the overall process. For pavement applications, some of the most common co-products result from the production of pig iron for steel making, including slag cement and air-cooled iron blast furnace slag aggregate. ... WebAs nouns the difference between byproduct and coproduct is that byproduct is a secondary or additional product; something produced, as in the course of a … show hide toggle css
Byproduct vs Coproduct - What
WebJun 13, 2024 · The major points of difference between joint product and by-product are given below: 1. Meaning: A Joint product is one which is manufactured ancillary to the production of the main production, hence the purpose is intentional. However, a by-product is purely an unintentional consequence of the production of the main product. 2. Input: WebJan 27, 2016 · A primary co-product is one of multiple products in a process that each have substantial market value and are elastic to demand; each co-product should be allocated a portion of upstream emissions. Secondary products (with inelastic supply) are split into two categories. By-products are inelastic to demand changes but have … WebJan 19, 2024 · By-product vs. co-product. As animal rights issues become more important to consumers, brands are marketing their animal products as “ethically sourced”. Much of the time, such brands state that the … show high respect