mschweini

mschweini t1_j5uig2d wrote

This might be a silly question, but how does an Economy actually work, in the deepest sense?

I.e. it can't really be a closed system - we can't all just be service workers scrubbing each other's backs. So there must be fundamental inputs into the economy. I can only think of mining, agriculture and energy production which inject "value" into the overall economic system from nothing, and the COMPLETE rest of an economic system is just dedicated to transform these three raw ingredients into "quality-of-life".

Am I missing something? Or are there other fundamental inputs into the overall economic system?

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