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Machines: Difference between revisions
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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 machine is a collection of | '''A machine is a collection of interlinked tools that channel energy 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 profit.''' | ||
Machines always have inputs such as energy, then a function such as making holes and then based on their efficiency, a productive output (''internality - holes'') and a waste output (''[[Externalities|externality]] - wood shavings''). | Machines always have inputs such as energy, then a function such as making holes and then based on their efficiency, a productive output (''internality - holes'') and a waste output (''[[Externalities|externality]] - wood shavings''). | ||