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How do businesses create wealth?
by baby 6y ago
How do businesses create wealth?
- chii 6y agoby using labour, and capital (plant and equipment usually) to generate something that didn't exist before, that other people would pay more for than the cost of inputs. That's how _all_ wealth gets created. Even under communism (where the difference is that under communism, the capital is provided, and owned by the state, rather than privately owned).
- arc-in-space 6y agoWhy is "the inputs that are used in making a product are worth less that the product itself" an unsatisfying answer?