Distinction between Joint-Product and By-Product -
The main points of distinction as apparent from the definitions of Joint Products and By-Products are:
(a) Joint products are of equal importance whereas by-products are of small economic value.
(b) Joint products are produced simultaneously but the by-products are produced incidentally in addition to the main products.
(a) Joint products are of equal importance whereas by-products are of small economic value.
(b) Joint products are produced simultaneously but the by-products are produced incidentally in addition to the main products.
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