Currency And Prices in Australia
Currency And Prices in Australia
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In our eReader you can find the full English version of the book. Read Currency And Prices in Australia Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Currency And Prices in Australia
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To quickly assess the difficulty of the text, read a short excerpt:
293.
18 CURRENCY AND PRICES fv) It may fairly be assumed that labour enters into the cost of production to a greater extent in retail business than in wholesale production. Yet the prices of wholesale goods have risen much higher than retail prices.
(vi) Producers have not complete power to vary their selling prices according to changes in labour costs.
In view of these facts the proposition that rising general pric. Es may be wholly explained by wage increases is untenable. What then is the re...lationship between wages and prices ?
Since labour is a factor of production, wages enter into the cost price of all commodities, and no employer can afford to pay higher wages than the industry will bear. The general practice of varying wages with the cost of living ignores this point, for doubtless some industries may readily pay the higher costs, while others are unable to do so without increasing their selling prices, a practice which pro- ducers can adopt only for a limited period, and that on a rising market.
What to read after Currency And Prices in Australia?
You can find similar books in the "Read Also" column, or choose other free books by D B Douglas Berry Copland to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
293.
18 CURRENCY AND PRICES fv) It may fairly be assumed that labour enters into the cost of production to a greater extent in retail business than in wholesale production. Yet the prices of wholesale goods have risen much higher than retail prices.
(vi) Producers have not complete power to vary their selling prices according to changes in labour costs.
In view of these facts the proposition that rising general pric. Es may be wholly explained by wage increases is untenable. What then is the re...lationship between wages and prices ?
Since labour is a factor of production, wages enter into the cost price of all commodities, and no employer can afford to pay higher wages than the industry will bear. The general practice of varying wages with the cost of living ignores this point, for doubtless some industries may readily pay the higher costs, while others are unable to do so without increasing their selling prices, a practice which pro- ducers can adopt only for a limited period, and that on a rising market.
What to read after Currency And Prices in Australia?
You can find similar books in the "Read Also" column, or choose other free books by D B Douglas Berry Copland to read onlineMoreLess
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