Conversations On Political Economy: in Which the Elements of That Science Are Familiarly Explained

Cover Conversations On Political Economy: in Which the Elements of That Science Are Familiarly Explained
Conversations On Political Economy: in Which the Elements of That Science Are Familiarly Explained
Marcet Jane Haldimand
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I always supposed that the produce of a farm was sufficient to defray its expenses; nor can I understand how profits are to be derived from a farm, if the cultiva- tioo and rent cost more than its produce will repay.
MRS. B.
It is not so. The capital of the farmer is employed as the fdeairis of cultivating his farih : and when at the end 160 RETEKUB FROM CULTIVATION OF LAMD.
of the year, after payioi: his rent, his labourers, an4 Iceeping his stock in repair, he finds himself in possession Bot
...only of his original capita^ but also of a sarf4us or profit ; it is a proof that the fiinn produces more than the cost of its rent and coltivaUon. The case is similar in all employment of capkal. The manttfactarer who lays it out in the purchase of raw materials, and in pay- ing the labour which is afterwards expended on them ; or the merchant whose capital is employed in the pur- chase of- goods for sale, could not carry on their respec- tive occupations without first laying out their capital ; but it is returned to them, together with the profits that have accrued by its employment.

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