Principles of Commerce a Study of the Mechanism the Advantages And the Transp
Principles of Commerce a Study of the Mechanism the Advantages And the Transp
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In the former case, equilibrium is reached, after an inflow of specie, with a higher level of prices in the country levying the duties. In the latter case, when, after an outflow of specie, equi- librium is again reached, the level of prices in the duty- levying country is lower.
PART II THE ECONOMIC ADVANTAGES OF COMMERCE CHAPTER I PRICES, INTERCOMMUNITY TRADE, AND THE GAINS OF TRADE The Relation of Prices in One Country to Prices in Another THROUGH the influence of trade, the price in any cou...ntry of any special kind of goods tends toward equality with the price of the same goods in other coun- tries with which the first one trades. Cost of carriage, of course, must enter into the selling price of any kind of goods. Due to the natural productivity of land, greater efficiency of labor, better capital equipment, or other cause, some goods will probably be produced with less relative cost in one country than in the others trading with it. These goods will tend to be cheaper in the country having such an advantage, and to be sold by it to the others.
What to read after Principles of Commerce a Study of the Mechanism the Advantages And the Transp?
You can find similar books in the "Read Also" column, or choose other free books by Harry Gunnison Brown to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
In the former case, equilibrium is reached, after an inflow of specie, with a higher level of prices in the country levying the duties. In the latter case, when, after an outflow of specie, equi- librium is again reached, the level of prices in the duty- levying country is lower.
PART II THE ECONOMIC ADVANTAGES OF COMMERCE CHAPTER I PRICES, INTERCOMMUNITY TRADE, AND THE GAINS OF TRADE The Relation of Prices in One Country to Prices in Another THROUGH the influence of trade, the price in any cou...ntry of any special kind of goods tends toward equality with the price of the same goods in other coun- tries with which the first one trades. Cost of carriage, of course, must enter into the selling price of any kind of goods. Due to the natural productivity of land, greater efficiency of labor, better capital equipment, or other cause, some goods will probably be produced with less relative cost in one country than in the others trading with it. These goods will tend to be cheaper in the country having such an advantage, and to be sold by it to the others.
What to read after Principles of Commerce a Study of the Mechanism the Advantages And the Transp?
You can find similar books in the "Read Also" column, or choose other free books by Harry Gunnison Brown to read onlineMoreLess
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