--- title: "Meaning & Key Takeaway of: Some people, today we would call them…" description: "\"“Some people, today we would call them entrepreneurs, responded to these economic opportunities by seeking and eventually finding ways of producing the..." image: "https://sms4smile.com/quotes/i/04a/edward-a-hudson-13409_business_some-people-today-we-would-call-them-ent_1887066.jpg" --- # Some people, today we would call them entrepreneurs… ![“Some people, today we would call them entrepreneurs, responded to these economic opportunities by seeking and eventually finding ways of producing these goods in volume and at low cost. They did this by using machines. Physical capital embodied the changes. In time, additions to human capital…” quote by Edward A. Hudson](https://sms4smile.com/quotes/i/04a/edward-a-hudson-13409_business_some-people-today-we-would-call-them-ent_1887066.jpg) [Download](https://sms4smile.com/quotes/i/04a/edward-a-hudson-13409_business_some-people-today-we-would-call-them-ent_1887066.jpg) [Open image](https://sms4smile.com/quotes/i/04a/edward-a-hudson-13409_business_some-people-today-we-would-call-them-ent_1887066.jpg) > ““Some people, today we would call them entrepreneurs, responded to these economic opportunities by seeking and eventually finding ways of producing these goods in volume and at low cost. They did this by using machines. Physical capital embodied the changes. In time, additions to human capital - resulting from experience, training and education - accelerated the growth in production capability.”” [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Industrial growth is driven by leveraging machines and human expertise to produce goods cheaply and at scale. **In simple terms:** Machines and skilled people boost production. Key Takeaway Invest in technology and training. Themes innovation economics productivity Mood optimistic analytical Type informative analytical When to use this quote - manufacturing - startup scaling - policy planning - education programs Key Concepts capital formation human capital development scale economies Questions to Reflect On - How can emerging economies balance automation with job creation? - What role does education play in sustaining productivity gains? A Different Perspective Requires capital investment and market demand; without them, growth stalls. ★ ★ ★ ★ ★ No ratings yet [Business](https://sms4smile.com/quotes/about/business/) [Economic Opportunities](https://sms4smile.com/quotes/about/economic-opportunities-593487/) [Entrepreneurs Responded](https://sms4smile.com/quotes/about/entrepreneurs-responded-2702669/) [Growth](https://sms4smile.com/quotes/about/growth/) [Human Capital](https://sms4smile.com/quotes/about/human-capital-1900914/) [Physical Capital](https://sms4smile.com/quotes/about/physical-capital-2702670/) [Responded Economic](https://sms4smile.com/quotes/about/responded-economic-2702671/) [Training and education](https://sms4smile.com/quotes/about/training-and-education/) ## Related quotes > [Computation, storage, and communications capacity are in the hands of practically every connected person - and these are the basic physical capital means necessary…](https://sms4smile.com/quotes/yochai-benkler/computation-storage-and-communications-capacity-are-in-the-hands-of/) [Yochai Benkler](https://sms4smile.com/quotes/author/yochai-benkler/) > [By decarbonizing the global economy and limiting climate change, world leaders can unleash a wave of innovation, support the emergence of new industries and…](https://sms4smile.com/quotes/johan-rockstrom/by-decarbonizing-the-global-economy-and-limiting-climate-change-world/) [Johan Rockstrom](https://sms4smile.com/quotes/author/johan-rockstrom/) > [Providing tax relief and reducing regulations leads to job creation and new economic opportunities for our small businesses, which are the backbone of our…](https://sms4smile.com/quotes/cathy-mcmorris-rodgers/providing-tax-relief-and-reducing-regulations-leads-to-job-creation/) [Cathy McMorris Rodgers](https://sms4smile.com/quotes/author/cathy-mcmorris-rodgers/) > [A lot of people come to America all the time for economic opportunities. 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An increase at 2% a year for 150 years increases average incomes by a factor of 16.”](https://sms4smile.com/quotes/edward-a-hudson/sustained-growth-at-2-a-year-changes-lives-an-increase-at-2-a-year/) [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) > [“England achieved the breakthrough to growth. England’s growth followed from agricultural advances which increased incomes sufficiently that people started to demand more manufactured goods.”](https://sms4smile.com/quotes/edward-a-hudson/england-achieved-the-breakthrough-to-growth-england-s-growth-followed/) [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) > [“There had previously, such as in Rome and the Netherlands, been growth over one or two centuries but this earlier growth was based on…](https://sms4smile.com/quotes/edward-a-hudson/there-had-previously-such-as-in-rome-and-the-netherlands-been-growth/) [Edward A. 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