vineri, 6 octombrie 2023

Capital,labour and resources

 The capital organises labour, labour transfers and transforms resources.

Suppose you have 1 million $, and you want to build a house.

The one million doesn't transforms overnight in a house.

You have to pay labourers who will dig the dirt. Fire bricks, and lay the bricks.

Labour better is organized the more efficient it is, and more expensive it is 

A construction company is more expensive than daily labourers but is more efficient.

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