Material Product

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:

    This is no war for domination or imperial aggrandisement or material gain.... It is a war ... to establish, on impregnable rocks, the rights of the individual and it is a war to establish and revive the stature of man.
    Winston Churchill (1874–1965)

    Much of our American progress has been the product of the individual who had an idea; pursued it; fashioned it; tenaciously clung to it against all odds; and then produced it, sold it, and profited from it.
    Hubert H. Humphrey (1911–1978)