Practical Politics No.42. The economic process is in essence extremely simple. Some Wealth is consumed directly, but some consists of items such as tools and machinery which are returned to the productive process to help create further Wealth. This is called Capital. The three factors of production are thus Land, Labour, and Capital.
Men are idle, earnestly wanting work, eager to provide their labour.
Capital too lies idle, deteriorating by the day. Its owners would love to put it to use. So far as Labour and Capital are concerned, then, there need be no difficulty over supply. Demand comes from previous production. If people cannot supply, they cannot effectively demand.