“Consumption is the sole end and purpose of all production”
— Adam Smith
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Simplified Meaning:
People make things so that others can use them. Imagine a farmer growing vegetables: the reason for planting, watering, and harvesting is so that someone can eat those vegetables. When a factory manufactures cars, the goal is for people to buy and drive them. This idea drives economies and businesses because if no one wants to use or buy the products, there's no point in making them. For example, if a bakery makes bread, it’s because they believe people will come to buy and eat the bread. Essentially, the use or enjoyment of goods is the final reason why anything is produced in the first place.
Related tags
Capitalism Consumer behavior Consumption Economic principles Economic theory Economics Market economy Production
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