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For the satisfaction of the needs of the body, and the nourishment of the physical life, four things are required : food, clothing, fuel, and shelter. By labour, and by labour alone, can these necessary things be obtained, and that labour must be applied to the earth, created by God and placed in subjection to the dominion of man. While ever the populations of the earth are in need of food, clothing, fuel and shelter, labour engaged on the production and distribution of these primary goods is fulfilling an economic purpose and is not wasteful.
Economic waste is either of a positive character, taking place when labour is organized for the destruction of human life and the necessities of human life; or it is a negative thing, seen when labour is engaged at tasks that do not minister to the health of man or is left totally unemployed.