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accumulation additional American wage balance of payments bank rate basic wage Britain capital equipment capital outlay capitalist cause comparative costs competition cost of living dealer declining industries depreciation devaluation dollar dustries economic effect employed employers enterprise excess spending expanding industries flow of money full employment gold standard Government grades of labour higher wages income increase of wages inflation inflationary International Monetary Fund investment market labour market limited margin of profit ment minimum wage monetary expansion monetary policy money unit normal profit organised labour output over-employment plant pound price level productive capacity profit margins profit-making proportion prospect raised rate of exchange reduction redundant money regard remuneration remunerative rise of prices rise of wages rising wage salary saving scarcity secure selling share shareholder standard of living sterling stocks supply taxation tight credit tion trade union unchanged undervaluation unem wage policy wage-earners White Paper work-people workman