(90) How do we get these things? How do we get more and better? Of all of these components I have a very simple minded answer; they have to be produced.
I am going to use a circle to represent the economies total productive capacity.
Table 1.
In order to have an increase in productive capacity you have to use productive capacity to produce more capacity. Now this starts with one-man alone thinking a new idea, a new product, he or she; then, communicates this to others. They have to figure out how the idea or product can be produced, and at the same time raise capital in order to hire the labor, buy the tools, and erect the plant. Once the structure has been created all those involved need go to work, and produce it; thus using the existing productive capacity to produce more capacity. This process becomes a reality by using your existing labor force to train, and communicate skill to other portions of the labor force; therefore utilizing men, old machines, and old factories to produce new factories, new tools, and new sources of raw materials. This is very simple, and at every stage in this processes your using your existing productive capacity to produce more capacity. Well what else can you do with productive capacity? The alternative is to use productive capacity to produce consumer goods and services. According to Buechner for the purposes of economic growth these are the only two alternatives uses of an economies productive capacity-you can use your existing capacity to produce more capacity, or you can use your existing productive capacity to produce consumer goods and services. (Recording) So economic growth involves a trade off here is the trade off. .
Table 2&3.
Each circle represents the total productive capacity in these two economies, and those circles are the same size so each of these economies have the same total productive capacity, and lets also assume they both have the same population.
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