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| Re: Economic Discussions (Derived from: FOIA For Photos) (521744) | |||
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Re: Economic Discussions (Derived from: FOIA For Photos) |
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Posted by Russ on Fri Nov 23 12:27:46 2007, in response to Re: Economic Discussions (Derived from: FOIA For Photos), posted by Broadway Lion on Fri Nov 23 10:59:01 2007. The Creation of Wealth *begins* at the hands of LABORIn classical economics, the creation of wealth begins with an entrepreneurial decision to combine resources to produce goods and services. The four resources that are input are land, labor, capital and entrepreneurship. Capital is a man made good used to produce other goods. Money is not considered capital in classical economics, although today the terms are often considered synonymous. |
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