A corporation is a legal entity, created for the purpose of producing goods or services for the market, that may be a source of profit or other financial gain to its owner(s); it is collectively owned by shareholders who have the authority to appoint directors responsible for its general management. (SNA)

Consumption of fixed capital represents the reduction in the value of the fixed assets used in production during the accounting period resulting from physical deterioration, normal obsolescence or normal accidental damage. (SNA)

Dummy industries are used to simplify the process of estimating transactions (that is, inputs of commodities used by industries and final users) by grouping related items that are generally assumed to be purchased in the same proportion by many different industries. Purchases of these related items are consolidated under one dummy industry, rather than being treated as purchases of individual items. Then, before the I-O table is balanced, weights can be calculated for every item in the dummy industry, and these weights applied to every purchase of the dummy commodity in order to break out these purchases into their component items. For example, office supplies are used by all industries, and some data exist for the value of office supplies purchased by industries. The purchases of office supply items (paper, pens, staples, etc.) are consolidated, and shown as purchased by the dummy industry “office supplies” and other industries are shown buying the dummy commodity “office supplies” rather than the individual office supply items. (BEA)

Domestic supply is both a NIPA and an industry accounts term. In the NIPAs and in the pre-1997 benchmark I-O accounts, it represents the value of the commodity produced by domestic firms (valued at producers\’ prices) plus imports, transportation costs, and wholesale margin, minus exports and inventory change. Beginning with the 1997 benchmark I-O accounts and in the annual I-O accounts, it represents the value of the commodity produced by domestic firms (valued at basic prices) plus imports and sales from final uses, minus exports and inventory change. It does not include commodity taxes, transportation costs, and wholesale margin. (BEA)

Distributive transactions consist of transactions by which the value added generated by production is distributed to labour, capital and government and of transactions involving the redistribution of income and wealth (taxes on income and wealth and other transfers). (SNA)