Just as there are inputs which are supplied by the owner of a business, and whose value therefore is a virtual, not an actual, expense, so there can be outputs which are consumed by the owner of a business, and whose value therefore forms.
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About Kenneth Boulding

Kenneth Boulding was a 20th-century American american economist. Kenneth Ewart Boulding was an English-born American economist, educator, peace activist, and interdisciplinary philosopher. Boulding was the author of two citation classics: The Image: Knowledge in Life and Society (1956) and Conflict and Defense: A General Theory (1962). Read more on Wikipedia →

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