ABSTRACT
The organization embodies divisions of infantry, cavalry, artillery, ammunition columns, engineers, and transporting facilities to furnish supplies at the front. The roar of musketry and the strategy of officers may obscure the vision as to those who are extracting, transporting, and shaping materials. Productive capacity embodies all the agencies which supply the means of gratifying desires. It consists of natural resources, of the scientific knowledge of the ways and means of utilizing these resources, of the technological equipment through which this knowledge operates. The producer invests his labor and means according to the principle of comparative value. The principle of comparative value, where competition is unobstructed, explains why there is a tendency for profits to be uniform throughout the industrial process. Capitalists invest their means in forms that are more or less fixed and can convert their wealth into new forms only after much delay.
