The Wealth of Nations: An Analysis with Special Reference to Under-developed CounriesWorld Press, 1967 - 165 páginas |
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Página 40
... wages indefinitely ? The answer to this query is to be found in Smith's subsistence theory of wages . According to Smith , wages cannot fall below a certain " minimum level " , except in a decaying society . This floor is set by the ...
... wages indefinitely ? The answer to this query is to be found in Smith's subsistence theory of wages . According to Smith , wages cannot fall below a certain " minimum level " , except in a decaying society . This floor is set by the ...
Página 42
... wages . In England of his time , Smith thought that wages were " evidently more than what is precisely necessary to enable the labourers to bring up a family . " This , according to him , was due to the following three factors . Firstly ...
... wages . In England of his time , Smith thought that wages were " evidently more than what is precisely necessary to enable the labourers to bring up a family . " This , according to him , was due to the following three factors . Firstly ...
Página 44
... wages , according to Smith , are due to " certain circumstances in the employments themselves which , either really , or at least in the imaginations of men , make up for a small pecuniary gain in some , and counterbalance a great one ...
... wages , according to Smith , are due to " certain circumstances in the employments themselves which , either really , or at least in the imaginations of men , make up for a small pecuniary gain in some , and counterbalance a great one ...
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