markitect-main/examples/infospace-with-history/output/entities/manufactured-produce.md

Manufactured Produce

Definition

Rude produce that has been processed, prepared, or transformed through human labour to make it suitable for immediate use and consumption. Manufacturing adds value to raw materials by applying labour, tools, and techniques to create finished goods that can be directly consumed or used in further production processes.

Source Chapter

Book II, Chapter 5

Context

Smith identifies manufacturing as the second method of employing capital, emphasizing that without manufacturing, rude produce would have no value in exchange even if it existed spontaneously. He argues that manufacturing creates demand for raw materials and adds significant value to the annual produce of land and labour.

Economic Domain

Production

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