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Adam Smith ‘s guide The Wealth of Nations, printed in Nice Britain in 1776, distinguished between the outputs of what he termed productive” and unproductive” labor. The previous, he said, produced items that could be saved after manufacturing and subsequently exchanged for cash or different items of value. The latter, however useful or essential, created companies that perished at the time of production and subsequently didn’t contribute to wealth. Constructing on this theme, French economist Jean-Baptiste Say argued that manufacturing and consumption were inseparable in providers, coining the term immaterial merchandise” to describe them.