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October 3, 2013 at 12:24 pm
#18014
Member
It sounds like my error in thinking, when applied to a modern complex economy, was that I imagined that, in the case of automobile production, there would have to be stages added BEFORE iron ore mining (and I couldn’t imagine what those would have been) when in reality there would be more stages added BETWEEN iron ore mining and final car production. Is this true? Thank you for your thoughtful and thorough responses.