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Adam Smith ‘s e book The Wealth of Nations, revealed in Great Britain in 1776, distinguished between the outputs of what he termed “productive” and “unproductive” labor. The previous, he said, produced goods that could possibly be stored after manufacturing and subsequently exchanged for cash or different items of worth. The latter, nonetheless useful or necessary, created services that perished at the time of production and subsequently did not contribute to wealth. Building on this theme, French economist Jean-Baptiste Say argued that manufacturing and consumption had been inseparable in companies, coining the time period “immaterial products” to explain them.