Principles of Economics, Volume 1 |
Contents
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Common terms and phrases
action Adam Smith agricultural amount BOOK BOOK IV capital and labour causes century character chief chiefly civilization classes climate common consumption cultivation custom definition demand derived developed diminish Diminishing Return direct division of labour doctrine dose earn economic science economists efficiency elasticity England English enterprise evil fact factory freedom German give greater growth habits hand important income increase individual individual capital industry influence instance kind land less machinery manufacture marginal utility marriage material means measure mediæval ment Mercantilists method Middle Ages modern motives nature nearly necessary partly perhaps person physical Physiocrats pleasure Political Economy population present problems production purposes race reason regard rent rich scientific social social capital soil strength supply term things thought tion towns trade utility vigour wages Wealth of Nations whole


