4 Questions
Why are industry and commerce regarded as unproductive?
Because they involve the transfer of already produced commodities without creating anything new
What concept was important for the development of economic analysis according to prof. Haney?
Net product
Why did prof. Haney consider the idea of net product important for economic analysis?
To understand the concept of surplus wealth
What is the relationship between wealth produced and consumed in industry and commerce according to the text?
They are equal, resulting in the perception of industry and commerce as unproductive
Test your knowledge of economic analysis, net product, and surplus with this quiz. Explore the concepts of wealth production and consumption in industry and commerce.
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