The Wealth of Nations: An Analysis with Special Reference to Under-developed CounriesWorld Press, 1967 - 165 páginas |
Dentro del libro
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Página 34
... demand and supply . By demand Smith means that which is backed by pur- chasing power , i.e. , effective demand . When demand exceeds supply , the market price rises above the natural price . On the other hand , when supply is greater than ...
... demand and supply . By demand Smith means that which is backed by pur- chasing power , i.e. , effective demand . When demand exceeds supply , the market price rises above the natural price . On the other hand , when supply is greater than ...
Página 71
... demand " encourages production , and thereby increases the competition of the producers , who , in order to undersell one another , have recourse to new divisions of labour and new improvements of art , which might never other- wise ...
... demand " encourages production , and thereby increases the competition of the producers , who , in order to undersell one another , have recourse to new divisions of labour and new improvements of art , which might never other- wise ...
Página 73
... demand for the commodities to be exported is inelastic and that the resources which can produce these are either specific or not sufficiently mobile . For , if domestic demand for such products is elastic , then the existence of a ...
... demand for the commodities to be exported is inelastic and that the resources which can produce these are either specific or not sufficiently mobile . For , if domestic demand for such products is elastic , then the existence of a ...
Contenido
The Growth Model of Adam Smith | 1 |
Division of Labour and Economic | 10 |
Concepts of Productive and Unpro | 19 |
Derechos de autor | |
Otras 5 secciones no mostradas
Términos y frases comunes
according to Smith Adam Smith agriculture annual produce augment basic Bhilai capacity capital accumulation capitalists chapter commodity consumers consumption context cost crores currency developed countries developing economy division of labour domestic Durgapur economic development Edwin Cannan effect employed employment expansion expenditure export extent flat products foreign trade Fund Government greater growth Ibid IISCO important improvement income increase India industry interest international trade laissez-faire land and labour landlords loans manufacture market price ment natural price physiocrats problem productive labour productive workers profit projects public sector steel quantity of labour Quesney quota regards rent retention prices revenue Rourkela saving Second Plan Secondly sector steel plants Smith argues Smith asserts Smith's analysis Smith's scheme Smith's theory Smithian Smithian growth society supply tion TISCO under-developed countries under-developed economy unproductive V. K. R. V. Rao volume wages Wealth of Nations World Bank