A firm may be defined as an institution which buys things, transforms them in some way, and then sells them with the purpose of making a profit. The things a firm buys we shall call "inputs." The things it sells we shall call "outputs." The process whereby the things it buys are transformed into the things it sells we shall call the "process of production." In any process of buying to sell again a process of production is always involved...
Kenneth BouldingRelated topics
buying call firm institution making process production profit purpose sell way thingsRelated quotes
When I consider life, 't is all a cheat. Yet fool'd with hope, men favour the deceit; Trust on, and think to-morrow will repay. To-morrow 's falser than the former day; Lies worse, and while it says we shall be blest With some new joys, cuts off what we possest. Strange cozenage! none would live past years again, Yet all hope pleasure in what yet remain; And from the dregs of life think to receive What the first sprightly running could not give.
John Dryden
I've been making a list of the things they don't teach you at school. They don't teach you how to love somebody. They don't teach you how to be famous. They don't teach you how to be rich or how to be poor. They don't teach you how to walk away from someone you don't love any longer. They don't teach you how to know what's going on in someone else's mind. They don't teach you what to say to someone who's dying. They don't teach you anything worth knowing.
Neil Gaiman
Now, since the time of Newton there had been a debate about whether light was a wave---that is, a traveling disturbance in some background medium---or a particle, which travels regardless of the presence of a background medium. The observation of Maxwell that electromagnetic waves must exist and that their speed was identical to that of light ended the debate: light was an electromagnetic wave.
Lawrence M. Krauss
A good deal of my research in physics has consisted in not setting out to solve some particular problem, but simply examining mathematical equations of a kind that physicists use and trying to fit them together in an interesting way, regardless of any application that the work may have. It is simply a search for pretty mathematics. It may turn out later to have an application. Then one has good luck. At age 78.
Paul Dirac
It cannot be too frequently emphasized that the behavior of any animal must depend upon on the nature of the stimulus which it meets, its anatomic and physiologic capacities, and its background of previous experience. Unless it has been conditioned by previous experience, an animal should respond identically to identical stimuli, whether they emanate from some part of its own body, from another individual of the same sex, or from an individual of the opposite sex.
Alfred Kinsey
