Term:
Discards - in National Accounts
Definition:
Discards is a synonym for “retirements” or “ scrapping” . An asset is discarded, retired or scrapped when it is withdrawn from the capital stock at the end of its service life.
Domain:
Economics & National Accounts
Source:
Measuring Capital: OECD Manual, Annex 1 Glossary of Technical Terms Used in the Manual, OECD, 2001
