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[[File:Corporate etymology.png|alt=Corporate etymology|thumb|The origin of the word "Corporation"]] | [[File:Corporate etymology.png|alt=Corporate etymology|thumb|The origin of the word "Corporation"]] | ||
'''A | '''A machine is a collection of enclosed parts that exert force on each other to produce a desired function. This may be as simple as cogs in a drill press making holes or employees working in a [[corporation]] to make a profit.''' | ||
It is the commonality of the parts which define the machine i.e. the majority of parts in a drill press do simple tasks which work together to make holes in things. Whereas in a corporation a collection of people work together to make profit. Machines always have inputs, a function and then based on their efficiency, a productive output (''internality'') and a waste output (''[[Externalities|externality]]''). | It is the commonality of the parts which define the machine i.e. the majority of parts in a drill press do simple tasks which work together to make holes in things. Whereas in a corporation a collection of people work together to make profit. Machines always have inputs, a function and then based on their efficiency, a productive output (''internality'') and a waste output (''[[Externalities|externality]]''). |