The products produced by the industry are purchased with payment.
“Products produced by the industry are paid for and purchased.” This is the starting point. “How massively are the products produced by industry in the entire economy purchased?” This is the key to economic growth.
I have never read a macroeconomic text, but I had the opportunity to hear about the essence of macroeconomics. From now on, I will follow the essence of macroeconomics.
The added value produced is supplied to people's income.
“The added value produced is supplied to people's income.” In the production of goods in industry, the value of products that were not present at the time of raw materials is created and added to the goods. In macroeconomics, the price of value added to this product is called “added value”.
Added value = Product sales price-All costs including raw material costs
This “added value” is always someone's “income”.
Gross domestic product (GDP) = total investment + …