“production capability increases through investment and productivity gains, allowing supply to expand to sustain the growing demand and to generate increasing net incomes. The structure of the economy keeps changing as spending patterns change, as industries move through their life… — Edward A. Hudson Copy Share Image
“The enabling side of this process is the ongoing increase in production capability with more physical capital, more human capital and more efficient production processes allowing the increasing spending to be sustained and allowing incomes to increase.” — Edward A. Hudson Copy Share Image
