nah nah nah, doesn't answer the _question_: _What_ is the **purpose** of production?

denlillaapan

He regarded labour as father and land as mother. Prof. Adam Smith when addressing the productivity of the farmer: “To him (farmer) land is the only instrument which enables him to earn the wages of his labour and to make profits of this stock”. The production function does not conceive the possibility of diminishing marginal productivity.

econ

MONEY CLASS OF THE DAY: Money and the Purpose of Corn

Do I win the 1k bonus sats?

>He regarded labour as father and land as mother. Prof. Adam Smith when addressing the productivity of the farmer: “To him (farmer) land is the only instrument which enables him to earn the wages of his labour and to make profits of this stock”. The production function does not conceive the possibility of diminishing marginal productivity.