Principles of Economics, Volume 1 |
Contents
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Common terms and phrases
action Adam Smith aggregate agricultural amount BOOK VII capital and labour causes chapter chief chiefly classes commodity Consumers consumption cost of production cultivation demand and supply demand curve demand price demand schedule derived difficulty Diminishing Return doctrine dose duction earnings economic economists efficiency elasticity England English equal equilibrium expenses of production fact factors factors of production give greater growth habits important income individual individual capital industry influence instance interest kind land Law of Diminishing less lower machinery manufacture marginal marginal utility marriage material measure mediæval ment modern Monopoly Revenue nature necessary normal supply price perhaps person Physiocrats population position Producer's Surplus profits purchasing Quasi-rent regard rent result Ricardo rise social social capital soil sumers supply curve surplus term theory things tion towns trade true utility wages wealth whole


