IDEAS home Printed from https://ideas.repec.org/a/bas/econth/y2011i4p3-27.html
   My bibliography  Save this article

Product and Good

Author

Listed:
  • Kamen Mirkovich

Abstract

A conceptual distinction was made between product and good as fundamental conceptions of economic theory and practice, considering the presumption, that the good is a wider phenomena that the product. A detailed systematization of both concepts is substantiated, as well as the effectuality and effectiveness related thereto. Therefore six classification types are attached: substantial, creative, functional, reproduction, object and systematic classifications. The distinction between the material and immaterial good is specified very precisely. The difference between the productive and unproductive labour is outlined, pointing out the groups of goods and products, for the generation thereof the labour is productive, or unproductive respectively. The non-traditional view is backed up, that the labour in science, education and medical services is productive and therefore creates not only new benefit, but a new value as well. The eventual adoption of this concept shall change the method of evaluation of the gross domestic product, the national income, the value added and the economic growth, as well as the method of determining the limit between the initial distribution and redistribution of incomes.

Suggested Citation

  • Kamen Mirkovich, 2011. "Product and Good," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 3-27.
  • Handle: RePEc:bas:econth:y:2011:i:4:p:3-27
    as

    Download full text from publisher

    File URL: http://www.ceeol.com/aspx/issuedetails.aspx?issueid=144e440b-a488-4af7-8c20-3df2673d0be8&articleid=c6d104f3-2aa6-4154-ad17-4e14db56b163#ac6d104f3-2aa6-4154-ad17-4e14db56b163
    Download Restriction: Fee access

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Popovic, Rade & Knezevic, Marija & Tosin, Milos, 2009. "State And Perspectives In Competitiveness Of One Farm Type In Serbia," 113th Seminar, December 9-11, 2009, Belgrade, Serbia 57416, European Association of Agricultural Economists.
    Full references (including those not matched with items on IDEAS)

    More about this item

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • D00 - Microeconomics - - General - - - General
    • E00 - Macroeconomics and Monetary Economics - - General - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bas:econth:y:2011:i:4:p:3-27. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Diana Dimitrova). General contact details of provider: http://edirc.repec.org/data/ikbasbg.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.