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What is Perfect Compet1t1on?
R1s1ng Supply Pr1ce
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Alpha amount analysis argument assumption balance of trade buyer capital accumulation capitalist cause commodities constant physical returns constant returns consumers consumption continuous decline in numbers deficit demand for money depreciation discussion Economic Journal economists effect elasticity employed factors employment policy entrepreneur equal equilibrium Euler's theorem exchange rate exports factors of production fall full employment gold Harrod imperfect imports industry inflation Keynes labour laissez-faire less long-period maintain marginal cost marginal physical product marginal product marginal utility Marx Marx's ment monetary money wages money-wage rates necessary normal profits number of firms output perfect competition population position possible problem proportion quantity of money question rate of accumulation rate of interest rate of investment rate of profit real income reduced relative prices saving sense slump standard stock of capital surplus tariff technical progress Theory of Employment thriftiness tion unit whole workers