The Economics of Industry |
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Adam Smith advantage agricultural amount of capital applied Auxiliary capital average borrowed business power carpenters cause cent Circulating capital classes coal commodity corn cultivation 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 greater growth of population hand hired income increase Indoor relief industry instance invested kinds land landlord Law of Demand Law of Diminishing Law of Normal less lower machine machinery manufacture nature Normal rate Normal value obtain Outdoor relief outlay present purchasing power railways raise rate of interest rate of profits regard remuneration rent rise sell shew skilled labour social Standard of Comfort supply supply and demand Task-wages things trade union unskilled labour wages wealth workmen