Principles of Political Economy: Deduced from the Natural Laws of Social Welfare and Applied to the Present State of Britain |
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Page 196
When , however , only a portion of the entire supply is produced under a monopoly , the necessary cost of the article is not affected by such monopoly , but consists solely of the labour , time , and capital required to produce that ...
When , however , only a portion of the entire supply is produced under a monopoly , the necessary cost of the article is not affected by such monopoly , but consists solely of the labour , time , and capital required to produce that ...
Page 197
It is obvious that the amount of taxation to which a commodity is liable , in itself or any of its component elements , must add just so much to the cost of producing it for sale in the market , together with the current rate of profit ...
It is obvious that the amount of taxation to which a commodity is liable , in itself or any of its component elements , must add just so much to the cost of producing it for sale in the market , together with the current rate of profit ...
Page 198
It is quite evident that the cost of producing any article must in the long run determine its price ( or selling value . ) For unless a price can be abtained sufficient to cover this cost , no one will continue to produce it for sale at ...
It is quite evident that the cost of producing any article must in the long run determine its price ( or selling value . ) For unless a price can be abtained sufficient to cover this cost , no one will continue to produce it for sale at ...
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Contents
PRELIMINARY DISCOURSE On the Coincidence of | 1 |
Duty of a Government the securing | 28 |
PRINCIPLES OF POLITICAL ECONOMY DEDUCED | 40 |
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advantages afford agriculture amount arts benefit called capital carried cause circumstances comforts commodities condition consequently consumed continually corn cost cultivation demand desire determine direct distribution duties Economy effect employed employment enjoyment entire equally evident evils exchange exclusive existence expense extent fact fall foreign give greater hand happiness human important improvement increase individual industry injury institutions interest kind labour land least less limited maintain manufactures means measure ment monopoly natural necessary numbers object obtain occupation owner parties perhaps period persons political poor poor-law population portion possess possible present principle probably production profit proportion quantity raised reason remain rent result share skill society soil subsistence sufficient supply term things tion trade true wages wealth whole