3 ms·
Since durable goods[0], by definition, last a multiple of the time it takes to create them, we would have more simply by making more at a set rate over a period
by stephengillie 11y ago
Since durable goods[0], by definition, last a multiple of the time it takes to create them, we would have more simply by making more at a set rate over a period of time. As our population grows, if the same percentage of our labor force goes into making durable goods, the quantity of durable goods created would also increase over time. In short, I agree completely.
[0] https://en.wikipedia.org/wiki/Durable_goods https://en.wikipedia.org/wiki/Durable_goods