Traditional Culture Encyclopedia - Traditional festivals - What is the real source of social wealth?
What is the real source of social wealth?
In modern economy, productive labor is mainly carried out through enterprises, agriculture, industry, service industry and other forms. Through these economic activities, people can produce all kinds of goods and services, including food, clothing, housing, transportation, medical care, education, entertainment and so on. These goods and services are all components of social wealth.
In addition, the real source of social wealth includes innovation and technological progress, which can promote the development and improvement of production activities, improve production efficiency and quality, and thus increase the total amount of social wealth.
Generally speaking, productive labor is the real source of social wealth, including goods and services produced through various forms of economic activities, as well as productivity improvement brought about by innovation and technological progress. This is why it is very important to improve productivity and promote technological progress in economic development.
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