Publisher's Synopsis
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.
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