Since man does not create physical matter, those who handle material objects in the production process are not producers in that sense. Economic benefits result from the transformation of matter in form, location, or availability (intellectually or temporally). It is these transformations that create economic benefits valued by consumers, and whoever arranges such transformations contributes to the value of things, whether his hands actually come into contact with physical objects or not.
You May Also Like / View all maxioms
When your work speaks for itself, don't interrupt.
When your work speaks for itself, don't interrupt.
Managers have traditionally developed the skills in finance, planning, marketing and production techniques. Too often the relationships with their people read more
Managers have traditionally developed the skills in finance, planning, marketing and production techniques. Too often the relationships with their people have been assigned a secondary role. This is too important a subject not to receive first line attention.
Reliable office staff come in the shape of mature married women working from 9.30!.30 (inside school hours) during which they read more
Reliable office staff come in the shape of mature married women working from 9.30!.30 (inside school hours) during which they will do more than the 9-5ers.
The five steps in teaching an employee new skills are preparation, explanation, showing, observation and supervision.
The five steps in teaching an employee new skills are preparation, explanation, showing, observation and supervision.
No one has a greater asset for his business than a man's pride in his work.
No one has a greater asset for his business than a man's pride in his work.
It is your mind that matters economically, as much or more than your mouth or hands. In the long run, read more
It is your mind that matters economically, as much or more than your mouth or hands. In the long run, the most important economic effect of population size and growth is the contribution of additional people to our stock of useful knowledge. And this contribution is large enough in the long run to overcome all the costs of population growth.
If you don't care, your customer never will.
If you don't care, your customer never will.
Some great men owe most of their greatness to the ability of detecting in those they destine for their tools read more
Some great men owe most of their greatness to the ability of detecting in those they destine for their tools the exact quality of strength that matters for their work.
The worst crime against working people is a company which fails to operate at a profit.
The worst crime against working people is a company which fails to operate at a profit.
