Production

Production is the act of creating — shaping materials into values –– goods and services for future consumption.

Production is the act by entrepreneurs of creating economic value by shaping given materials into goods (and services) for future consumption.

In the case of services, an entrepreneur (like a doctor) renders these services immediately, though much planning and investment is required (from building a hospital to getting the medical knowledge as certified via a medical degree).

 

Capitalism FAQ

Intellectually “chew” the ideas brought up in the tour by exploring the Capitalism FAQ (Frequently Asked Questions).

 

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