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> Society grows through investment. This comes either through capital inflow or consumption Society grows through production. People invest their time and effo
by ghostwriter 5y ago
> Society grows through investment. This comes either through capital inflow or consumption
Society grows through production. People invest their time and effort in the first place, not money. Consumption is the final non-efficient cause of production. The efficient cause is savings, which represent unconsumed goods and values. Consumption is the end of production, a dead end, as far as the productive process is concerned.