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 186
of the mass of the population for purchasing the necessaries of life - such as is occasioned by a sudden rise in their price unaccompanied by a proportionate rise in the wages of labour , cannot but diminish the effectual demand for ...
of the mass of the population for purchasing the necessaries of life - such as is occasioned by a sudden rise in their price unaccompanied by a proportionate rise in the wages of labour , cannot but diminish the effectual demand for ...
Page 198
A sudden increase of demand , or a casual deficiency of supply , will frequently raise prices above this level ; as a diminished demand , or an accidental increase of the supply beyond the demand , will lower them beneath it .
A sudden increase of demand , or a casual deficiency of supply , will frequently raise prices above this level ; as a diminished demand , or an accidental increase of the supply beyond the demand , will lower them beneath it .
Page 199
EQUILIBRIUM OF DEMAND AND SUPPLY . 199 as compared to the demand , the price rising in . consequence above the cost of production , producers are encouraged by an increase of profits to enlarge their business , and invest additional ...
EQUILIBRIUM OF DEMAND AND SUPPLY . 199 as compared to the demand , the price rising in . consequence above the cost of production , producers are encouraged by an increase of profits to enlarge their business , and invest additional ...
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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 |
15 other sections not shown
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Common terms and phrases
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
Bibliographic information
| Title | Principles of Political Economy: Deduced from the Natural Laws of Social Welfare and Applied to the Present State of Britain Reprints of economic classics |
| Author | George Poulett Scrope |
| Edition | reprint |
| Publisher | A. M. Kelley, 1969 |
| ISBN | 067800563X, 9780678005637 |
| Length | 457 pages |
| Export Citation | BiBTeX EndNote RefMan |