3 ms·
But the woodworker literally created wealth. The world now has more chairs than it used to. The same is true for nonphysical goods, like writing software. In a
by Houshalter 11y ago
But the woodworker literally created wealth. The world now has more chairs than it used to. The same is true for nonphysical goods, like writing software.
In addition to actually creating things, people can trade things. I have a thing you want, you have a thing I want. We trade and we are both better off, so the amount of utility - "wealth" - has been increased.