ABSTRACT
Let us start with a consideration of the production system. We will treat this as it was treated in Chapter XV of The Growing Economy. There are a large number of processes of production—a, b, c, d, etc. Each process of production for its operation on a given unitary scale needs a fixed input of labour and of various man-made intermediate products, and it produces a fixed output of various products either for use as intermediate products or for final consumption. Thus process a requires for its operation on a unitary scale inputs of L 1a units of labour of type 1, L 2a units of labour of type 2, and inputs of X 1a units of product 1, X 2a units of product 2, etc.; and process a then produces X 1a units of product 1, X̅ 2a units of product 2 and so on. 1
