noun
roundabout production
Economic term referring to a production method that uses capital goods to produce consumer goods indirectly, rather than direct labor. Often associated with Austrian economics.
迂回生産は資本財を活用して最終消費財を生み出す方法だ。
Roundabout production is a method of producing final consumer goods by utilizing capital goods.
Compound of 迂回 (ukai, 'roundabout, detour') and 生産 (seisan, 'production'). The term is a direct translation of the economic concept 'roundabout production'.