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PRODUCTIONSOME BROAD CONSIDERATIONS
DIVISION OF LABOR
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Adam Smith American amount bill borrowers business cycle buyers called capital capitalist cent coins commercial commodity competition consumption corn laws cost of production cotton demand deposit Dickeyville doctrine economic economic rent employer employment enterprise exchange exports factory Federal Reserve Federal Reserve notes Federal Reserve System fiat money foreign gold guild socialism hand important income increase individual industry interest Karl Marx land less loans manufactures marginal marginal utility Marx means member banks ment metal Mill national bank nomic organization owners ownership payment population present protection protectionist purchase quantity raw materials rent Reserve banks result Ricardo sell sellers silver social socialist society standard strike supply Suppose surplus surplus value tariff theory things tion trade trade union union United wage fund wealth workers