Material product is a category in Marxian economics and Soviet social accounting referring to the produced output of tangible material goods, including energy supplies and goods-transport. It contrasts with services and activities such as administration that do not themselves result in any tangible material product.
Famous quotes containing the words material and/or product:
“A second-class mind dealing with third-class material is hardly a necessity of life.”
—Harold Laski (1893–1950)
“In fast-moving, progress-conscious America, the consumer expects to be dizzied by progress. If he could completely understand advertising jargon he would be badly disappointed. The half-intelligibility which we expect, or even hope, to find in the latest product language personally reassures each of us that progress is being made: that the pace exceeds our ability to follow.”
—Daniel J. Boorstin (b. 1914)