Manufacturing
From Mises Wiki, the global repository of classical-liberal thought
Manufacturing is the process of making a product suitable for consumption. According to Henry Ford:
"Manufacturing is not buying low and selling high. It is the process of buying materials fairly and, with the smallest possible addition of cost, transforming those materials into a consumable product and giving it to the consumer."[1]
References
- ↑ Henry Ford. Introduction, My Life and Work, online, referenced 2011-3-30
