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:
“It may be possible to do without dancing entirely. Instances have been known of young people passing many, many months successively, without being at any ball of any description, and no material injury accrue either to body or mind; Mbut when a beginning is made—when felicities of rapid motion have once been, though slightly, felt—it must be a very heavy set that does not ask for more.”
—Jane Austen (1775–1817)
“A product of the untalented, sold by the unprincipled to the utterly bewildered.”
—Al Capp (1909–1979)