The Economics of Industry |
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Page 3
... necessary , it goes back to its original Laws , and corrects , or modifies or adds to them , so as to make them represent Nature more truly . Thus gradually science becomes able to predict future events with increasing confidence and ...
... necessary , it goes back to its original Laws , and corrects , or modifies or adds to them , so as to make them represent Nature more truly . Thus gradually science becomes able to predict future events with increasing confidence and ...
Page 7
... necessary for the highest efficiency of labour , it is quite possible that a musician may indirectly increase the wealth of a nation , and be indirectly Productive . The word Productive is often applied not only to labour , but also to ...
... necessary for the highest efficiency of labour , it is quite possible that a musician may indirectly increase the wealth of a nation , and be indirectly Productive . The word Productive is often applied not only to labour , but also to ...
Page 9
... necessary condi- tions for the growth of wealth . " Wherever there is a great store of wealth , there must be a people living to a considerable degree under moral restraint , and possessed of a more or less accurate code of duty ; and a ...
... necessary condi- tions for the growth of wealth . " Wherever there is a great store of wealth , there must be a people living to a considerable degree under moral restraint , and possessed of a more or less accurate code of duty ; and a ...
Page 9
... necessary to this difference is enormous , for it frequently happ the immediate effect is favourable , the ultimate co fatal and conversely . Ignorance surrounds m cradle ; then its actions are determined by the quences , the only ones ...
... necessary to this difference is enormous , for it frequently happ the immediate effect is favourable , the ultimate co fatal and conversely . Ignorance surrounds m cradle ; then its actions are determined by the quences , the only ones ...
Page 10
... necessary to the working man every year . There is scarcely any work which does not need some mental effort . Even in agriculture machinery is being introduced , the management of which requires much skill and intelligence . A man does ...
... necessary to the working man every year . There is scarcely any work which does not need some mental effort . Even in agriculture machinery is being introduced , the management of which requires much skill and intelligence . A man does ...
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Common terms and phrases
abstinence Adam Smith advantages agricultural amount of capital average business power capital employed carpenters causes cent Circulating capital classes coal commodity corn Cost of production Crown 8vo cultivation demand depends determined Diminishing Return division of labour doses Earnings of Management economic Edition efficiency employers employment England equal Expenses of production factories fall farm farmer fcap Firstly Fixed capital greater growth hand higher income increase Indoor relief industry instance invested kind land Law of Demand Law of Diminishing Law of Normal less machine machinery manufacture natural Normal Earnings Normal rate Normal value obtain Outdoor relief outlay population purchasing power railways raise rapidly rate of interest rate of profits regard remunerate rent rise saving sell shew skilled labour social supply of capital Task-wages tend theory things trade unions unskilled labour Wages-and-profits Fund wealth workmen
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