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action actual amount analysis argument assume assumptions Bank births capital cent competition concept consumers consumption contracts cycle deﬁnite demand curve economic economists entrepreneur equal equilibrium estimate exchange existing expected price expenditure fact factors factors of production fall families farmers fertility ﬁeld ﬁgures ﬁnal ﬁnd ﬁrm ﬁrst ﬂuctuations future given gold gold standard ideal types imperfect competition important income increase industries inﬂuence insured investment labour less licence losses lower price marginal cost marginal utility marriages meaning ment monetary months non-euclidean geometries normal organised output percentage period persons possible present price level price mechanism problem production Professor proﬁts proportion purchase rate of interest reduced result rise risk savings signiﬁcance social South East South East Division sow population Speculators statistics sterilisation supply synthetic propositions theory tion trade transactions Uncertainty unemployed unemployment volume wages women