They are not a form of fundamentalism, but an essential tool of the social sciences. PRODUCTION AND CONSUMPTION“Consumption is the sole end and purpose of all production; and the interest of the producer should be looked after only so far as may be necessary to promote that of the consumer” (Smith, 1776: 363). This statement by Adams is an obvious statement of fact. If a product does not have a consumer at the end of production, there is actually no need for the production of goods or services. According to BusinessDictionary.com, "Production is the set of processes and methods used to transform tangible inputs (raw materials, semi-finished products - finished products, sub-assemblies) and intangible inputs (ideas, information, knowledge into goods or services. Resources are used in this process to create an output that is suitable for use or has exchange value). While "Consumption is the process in which the substance of a thing is completely destroyed, consumed or incorporated into or transformed into something else . Consumption of goods and services is the quantity of them used in a given period of time”. A manufacturer's production process
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