Political Economy for BeginnersMacmillan, 1876 - 231 pages |
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Page 40
... modities , viz . those whose number is absolutely limited ; those which cannot be increased without increasing the cost of producing them ; and those which can be in- creased without becoming more expensive . The nature and functions of ...
... modities , viz . those whose number is absolutely limited ; those which cannot be increased without increasing the cost of producing them ; and those which can be in- creased without becoming more expensive . The nature and functions of ...
Page 44
... modity , or from something having its source in the com- modities for which it is exchanged ; or , as it has elsewhere been expressed , the value of a commodity varies from either intrinsic or extrinsic causes . For instance , tea may ...
... modity , or from something having its source in the com- modities for which it is exchanged ; or , as it has elsewhere been expressed , the value of a commodity varies from either intrinsic or extrinsic causes . For instance , tea may ...
Page 47
... modities ; or , in other words , the value of money has decreased . If , on the other hand , prices fall , the same amount of money will exchange for an increased quan- tity of other commodities , or , in other words , the value of ...
... modities ; or , in other words , the value of money has decreased . If , on the other hand , prices fall , the same amount of money will exchange for an increased quan- tity of other commodities , or , in other words , the value of ...
Page 63
... modities whose supply can only be increased by a greater proportional outlay of labour and capital , and which therefore become more expensive as the supply is in- creased . Agricultural produce is the most important of the commodities ...
... modities whose supply can only be increased by a greater proportional outlay of labour and capital , and which therefore become more expensive as the supply is in- creased . Agricultural produce is the most important of the commodities ...
Page 67
... modities , by withdrawing a corresponding portion of the demand . For the demand for the necessaries of life must always bear a proportion to the number of the po- pulation . The demand for such a commodity as bread does not vary in an ...
... modities , by withdrawing a corresponding portion of the demand . For the demand for the necessaries of life must always bear a proportion to the number of the po- pulation . The demand for such a commodity as bread does not vary in an ...
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Common terms and phrases
advantage agricultural produce amount Bank Charter Act Bank of England bills of exchange Cambridge capital and labour capitalist causes cent cheques circulating capital circumstances classes cloth coal College commodities competition consequently consumed corn corn laws cost of production cotton Crown 8vo decrease demand division of labour economic economic rent effect employed employers employment English example exchange value exports Extra fcap farm farmer foreign France gold and silver illustration imports income income-tax increased industry instance labour and capital land landlord levied London manufactured margin of cultivation modities obtain Owens College paid poor rate population price of agricultural production of wealth Professor profits of capital purchase quantity rate of interest rate of profit rate of wages regulated rent School Second Edition Shew supply supposed taxation tenant tion trade value of gold value of money wages and profits wages of labour wages-fund wheat workmen
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