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Subject:
does service create wealth for the receiver?
Category: Business and Money > Advertising and Marketing Asked by: timpixon-ga List Price: $2.50 |
Posted:
04 Nov 2004 21:47 PST
Expires: 08 Nov 2004 11:22 PST Question ID: 424707 |
Include a wide variety of services as you consider the question. In addition to those already mentioned, think of a week's stay at a resort, riding one of the soon-to-be-available privately-operated rockets to outer space (100 kilometers high) and returning, a cruise, going to a movie, renting a movie, a dentist filling a tooth cavity, an insurance policy, a university degree or course, registering to vote, marriage counseling, a boat slip at a marine dock, hiring a manager for one's musical or acting career. Do these create wealth? Why or why not? What is the basis for your response? |
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There is no answer at this time. |
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Subject:
Re: does service create wealth for the receiver?
From: neilzero-ga on 05 Nov 2004 06:40 PST |
Most of the things you mentioned are consumed quickly leaving little resedue that can be considered wealth. If however you make lots of money selling a book about your adventure into space, then there was considerable resedue that can be considered wealth. If you live in France where wealth is taxed, I have no idea where the tax collector draws the line. Neil |
Subject:
Re: does service create wealth for the receiver?
From: omnivorous-ga on 05 Nov 2004 09:57 PST |
Neil hits on a key point: many of these are consumptive. However, even there you have to ask yourself: is Bill Gates better off mowing his own lawn -- or contracting it out and devoting himself to "higher value" activities? Some are not consumptive: an education is an investment. And some services are necessary to a larger value-creation process: an example being the reservation service for your airline flight. Might I suggest a Google search strategy using: "service industry" value added Best regards, Omnivorous-GA |
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