Political Economy for Beginners |
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Page 45
... higher than every other tree . When there is a rise in the value of any commodity there is a corresponding fall in the value of some other commodity . Thus if it is said that the value of meat is greater now than it was twenty years ago ...
... higher than every other tree . When there is a rise in the value of any commodity there is a corresponding fall in the value of some other commodity . Thus if it is said that the value of meat is greater now than it was twenty years ago ...
Page 58
... higher price for the house , the contest will be unconcluded . When , therefore , there is free compe- tition between the buyers and sellers of commodities , the market price of any article must be such as to equalise the supply to the ...
... higher price for the house , the contest will be unconcluded . When , therefore , there is free compe- tition between the buyers and sellers of commodities , the market price of any article must be such as to equalise the supply to the ...
Page 59
... higher than another . Each place is alternately elevated and depressed ; but the ocean preserves its level . " The circumstances which regulate the Price of the first of the three classes of Commodities . It has just been stated that ...
... higher than another . Each place is alternately elevated and depressed ; but the ocean preserves its level . " The circumstances which regulate the Price of the first of the three classes of Commodities . It has just been stated that ...
Page 68
... higher wages . The demand for coal has already ( 1874 ) considerably declined , consequently the seams of coal which were most costly to work , in proportion to their productiveness , are ceasing to be worked , and prices are declining ...
... higher wages . The demand for coal has already ( 1874 ) considerably declined , consequently the seams of coal which were most costly to work , in proportion to their productiveness , are ceasing to be worked , and prices are declining ...
Page 72
... higher profits in one trade than in another , these additional profits ought not in strict accuracy to be looked upon as profits of capital ; they are either wages of labour , compensation for risk , for the disagreeableness of the ...
... higher profits in one trade than in another , these additional profits ought not in strict accuracy to be looked upon as profits of capital ; they are either wages of labour , compensation for risk , for the disagreeableness of the ...
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Common terms and phrases
advantage agricultural produce amount Bank Charter Act bank notes Bank of England bills of exchange BOOK capital and labour capitalist causes cent cheques circumstances classes cloth College commodities competition consequently corn cost of production cotton Crown 8vo decrease demand economic economic rent effect employed employment English example exports Extra fcap farmer France FRANCIS TURNER PALGRAVE gold and silver GRAMMAR HISTORY Illustrations income income-tax increased industry instance J. M. D. MEIKLEJOHN King's College School labour and capital land land-tax landlord levied London and Westminster manufactured margin of cultivation modities paid panic permanent poor rate population price of agricultural production of wealth Professor quantity rate of interest rate of profit rate of wages regulated rent School Shew supply taxation Third Edition tion trade value of gold value of money W. W. SKEAT wages and profits wages of labour wages-fund Westminster Bank wheat workmen
Popular passages
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