Supply And Demand
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In our eReader you can find the full English version of the book. Read Supply And Demand 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 Supply And Demand
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The fact that the supply of land is fixed has the following significance. If the demand for land increases, the price will tend to rise.
This is also true, for a short period at least, of an ordinary commodity. But, in the latter case, there would ensue an increase in supply which would serve to check the rise in price, and possibly, if production on a larger scale led to improved methods of production, bring the price down eventually below its original level.
In the case of land, no such react...ion is possible. There is nothing, therefore, to restrain the price (and the rent) of land from rising indefinitely, and without limit, if the demand for it should continue to increase. Con- versely, if the demand for land falls off, there is nothing to check the consequent fall in price and rent. In the case of ordinary commodities, the supply would be diminished, because most things are either consumed LAND 85 by being used, or wear out in the course of time, and a regular annual production is therefore necessary to sustain their supply at the existing level.
What to read after Supply And Demand?
You can find similar books in the "Read Also" column, or choose other free books by Hubert Douglas Henderson to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The fact that the supply of land is fixed has the following significance. If the demand for land increases, the price will tend to rise.
This is also true, for a short period at least, of an ordinary commodity. But, in the latter case, there would ensue an increase in supply which would serve to check the rise in price, and possibly, if production on a larger scale led to improved methods of production, bring the price down eventually below its original level.
In the case of land, no such react...ion is possible. There is nothing, therefore, to restrain the price (and the rent) of land from rising indefinitely, and without limit, if the demand for it should continue to increase. Con- versely, if the demand for land falls off, there is nothing to check the consequent fall in price and rent. In the case of ordinary commodities, the supply would be diminished, because most things are either consumed LAND 85 by being used, or wear out in the course of time, and a regular annual production is therefore necessary to sustain their supply at the existing level.
What to read after Supply And Demand?
You can find similar books in the "Read Also" column, or choose other free books by Hubert Douglas Henderson to read onlineMoreLess
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