Principles of Economics |
Contents
Introduction | 5 |
Income Consumption and Production | 16 |
The Regulation of Production | 34 |
39 other sections not shown
Common terms and phrases
agricultural amount average banks bonds bushels business cycle buyers capital cent commodities competition consumers corporation curve decline demand deposits depression diminishing returns distribution dollars duction earnings economic economic rent effect employed employers employment entrepreneur exchange exports fact factors of production fall farm products farmers Federal reserve Federal reserve banks fluctuations foreign gold higher important increase industry interest rates investment land less loans machine manufacturing marginal cost marginal productivity marginal utility marginal-productivity ment monopoly movement national income output paid payment perfect competition period persons plant population price level probated productivity of labor profits purchasing power quantity railroads rate of interest real wages receive reduced relatively rent result retailers rise savings sell sellers social socialist sumers supply Table tariff tion trade trade-unions union utility variable agents wage-earners wheat wholesale workers