Generating functions of partition numbers

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I don't understand at all why:

\begin{equation} \sum\limits_{n=0}^\infty p_n x^n = \prod\limits_{k=1}^\infty (1-x^k)^{-1} \end{equation}

Where $p_n$ is the number of partitions of $n$. Specifically how can the sum of positive numbers ever be factored into a fraction or factors to the $-1$ power? Is this something purely notational or am I missing something big?

Thanks for all the help!

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We have $\frac{1}{1-x^k}=1+x^k+x^{2k}+x^{3k}+\cdots$. These are combined formally in a process known as generating functions.

More details, as requested. We multiply out $(1+x+x^2+x^3+\cdots)(1+x^2+x^4+x^6+\cdots)(1+x^3+x^6+x^9+\cdots)(1+x^4+x^8+\cdots)\cdots$, and gather the powers of $x$, as if they were polynomials. For example, $x^3$ has a coefficient of $3$ -- one term from $x^3\cdot 1\cdot 1\cdots$, one term from $x^1\cdot x^2\cdot 1\cdots$, and one term from $1\cdot 1\cdot x^3\cdots$. The first corresponds to $3=1+1+1$ (three 1's), the second corresponds to $3=2+1$ (one 2 and one 1), and the third corresponds to $3=3$ (one 3).