The Economics of Industry |
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abstinence Adam Smith advantages agricultural amount of capital applied Auxiliary capital average borrowed business power carpenters causes cent Circulating capital classes coal commodity corn cultivation dealers demand depends determined Diminishing Return division of labour doses Earnings of Management economic efficiency employed employers employment England equal Expenses of production factories fall farm farmer Firstly Fixed capital free competition give greater growth of population hand important income increase Indoor relief induce industry instance invested kinds land landlord Law of Demand Law of Diminishing Law of Normal less machine machinery manufacture means nature Normal rate Normal value obtain Outdoor relief outlay purchasing power railways raise rate of interest rate of profits raw material regard remuneration rent rise sell shew skilled labour social Standard of Comfort Task-wages tend things trade union unskilled labour wanted wealth workmen