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:
“To one who habitually endeavors to contemplate the true state of things, the political state can hardly be said to have any existence whatever. It is unreal, incredible, and insignificant to him, and for him to endeavor to extract the truth from such lean material is like making sugar from linen rags, when sugar-cane may be had.”
—Henry David Thoreau (1817–1862)
“Man’s main task in life is to give birth to himself, to become what he potentially is. The most important product of his effort is his own personality.”
—Erich Fromm (1900–1980)