The Wealth of Nations: An Analysis with Special Reference to Under-developed CounriesWorld Press, 1967 - 165 páginas |
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Página 4
... subsistence level . Smith believes in the theory of " iron law of wages " and argues that a rise in the market rate of wage above the subsistence level will increase the supply of working popula- tion . Diagram II illustrates this point ...
... subsistence level . Smith believes in the theory of " iron law of wages " and argues that a rise in the market rate of wage above the subsistence level will increase the supply of working popula- tion . Diagram II illustrates this point ...
Página 40
... subsistence theory of wages . According to Smith , wages cannot fall below a certain " minimum level " , except in a ... subsistence level ? At one place Smith seems to suggest that wages govern the subsistence standard . Thus , Smith ...
... subsistence theory of wages . According to Smith , wages cannot fall below a certain " minimum level " , except in a ... subsistence level ? At one place Smith seems to suggest that wages govern the subsistence standard . Thus , Smith ...
Página 41
... subsistence level as something that is fixed . On the nature of subsistence standard Marx has the following to say : " His ( i.e. , the worker's ) means of subsistence must therefore be sufficient to maintain him in his normal state as ...
... subsistence level as something that is fixed . On the nature of subsistence standard Marx has the following to say : " His ( i.e. , the worker's ) means of subsistence must therefore be sufficient to maintain him in his normal state as ...
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