Book Description

Excerpt from Economics, Vol. 2 In the first place, production may consist of a rc arrangement of particles of matter, resulting in the crea tion of what some economists call form-utilities. This kind of production takes place in the case of agricultural products, where the particles of matter which were useless to man as long as they remained in the soil, become useful to him when they are transformed into plant tissue and are thus rendered available for food. So, too, a form. Utility is created when useless ore is changed into useful metal by smelting. Secondly, production may consist of a transfering of matter from place to place, or what we may call the crea tion of place utilities. An instance of this is found in the transportation from the Niagara Peninsula to Toronto and other cities of surplus fruit which would otherwise rot uselessly upon the ground. _the creation of place-utilities occurs whenever farm produce is increased in value by transportation to_ the cities, or whenever manufactured articles are increased in value by transportation from the city to the farm. All our transportation agencies, railway companies, street car companies, express companies. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.