And here’s an interesting quote from Clark. Perhaps it’s something you can use – perhaps when introducing gross national product or just discussing the link between production and consumption.
If a man were living in isolation his income would be literally his product. Make him the monarch and owner of an island, and the fruits that he raises and the clothing that he makes constitute, in themselves, his income. This ceases to be true when trading begins.I hope you’ll share your thoughts.
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