Elements of Economics of Industry: Being the First Volume of Elements of Economics

ability action Adam Smith advantages aggregate agricultural amount artisans average capital and labour causes CHAPTER chief chiefly classes commodity competition consumption cultivation demand and supply derived Diminishing Return dose duction Earnings of Management economic economists effects efficiency employers employés employment England equal equilibrium evil exert expenses of production factors of production factory give grade growth higher important income increase industry influence instance J. S. Mill kind land lative Law of Substitution less lower machinery manual labour manufacturer marginal utility material measure Metayage modern National Dividend nature normal person Physiocrats population Principles Principles VI Producer's Surplus purchasing Quasi-rent raise rate of interest rate of profits raw produce regard rent rise sell skilled sumers supply of labour supply price Surplus tend things tion trade Trade-unions true Unions wages wants wealth whole workers