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Supply: (i) the structure of industry

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Mastering Economics

Part of the book series: Macmillan Master Series ((MMS))

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Abstract

Early economists considered that only work in the extractive industries (agriculture, mining and fishing) was productive. In his Wealth of Nations in 1776 Adam Smith added manufacturing, but he was specific in excluding workers who merely rendered services.

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© 1994 Jack Harvey

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Harvey, J. (1994). Supply: (i) the structure of industry. In: Mastering Economics. Macmillan Master Series. Palgrave, London. https://doi.org/10.1007/978-1-349-13504-2_5

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