Story: Investment

Wood chipping machine

Wood chipping machine

Pat Turner shows off his new chipping machine in 1978. He operated a company, Turner’s Tree Services, and the machine was an investment which allowed him to provide better services to his customers. However if one of his customers had bought the machine to use around their own garden, this would be considered by economists as a ‘final consumer good’, not an investment.

Using this item

Alexander Turnbull Library, Dominion Post Collection (PAColl-7327)
Reference: EP/1978/2279/3

Permission of the Alexander Turnbull Library, National Library of New Zealand, Te Puna Mātauranga o Aotearoa, must be obtained before any re-use of this image.

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How to cite this page:

Brent Layton, 'Investment - Economic investment', Te Ara - the Encyclopedia of New Zealand, http://www.TeAra.govt.nz/en/photograph/24100/wood-chipping-machine (accessed 14 November 2019)

Story by Brent Layton, published 11 Mar 2010