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:
“If someone took the finest marble and knew how to shape it artfully: Prometheus’ material was lowly clay, but his statues walked.”
—Franz Grillparzer (1791–1872)
“To [secure] to each labourer the whole product of his labour, or as nearly as possible, is a most worthy object of any good government.”
—Abraham Lincoln (1809–1865)
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