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This is not how 'creating value' works. If you create something that sells for $100 but cost $100 to be produced, you have created zero value, and if it cost $
by lottin 5y ago
This is not how 'creating value' works. If you create something that sells for $100 but cost $100 to be produced, you have created zero value, and if it cost $120 you have destroyed value. In economics this is called added value, it's defined as the value of the output minus production costs. The sum of all added value over a period of time amounts to the GDP.