The Causes of Decay in a British Industry
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In short, '58 HOME LEGISLATION AFFECTING TRADE though the prices of certain commodities are lower, the.
total cost of living is not less, for legislation has added to the cost of living of artisan, employer, merchant, and retailer just as it has added to the total cost of maintaining the British pauper. Nor is this cost of living lessened by asserting that it is not the cost, but the standard of living, which has advanced.
As will be shown in chapter xi., prices in the United States were also a...t their lowest in 1897, having de- creased rapidly and steadily from the date of imposing the higher duties of the McKinley tariff. But it is incredible that an increase of duty should cheapen the prices of commodities within the protected area. Retail prices, as we have stated several times already, are determined by the prices the consumer will pay or can afford ; not, as some believe, determined always by the cost of production plus the producer's and distributor's fair profit.
Nor can the fall of prices be attributed to the gold production, for between 1890 and 1897, the period of the sharpest decline in prices, the annual production in the British Empire had doubled.
What to read after The Causes of Decay in a British Industry?
You can find similar books in the "Read Also" column, or choose other free books by "artifex," Pseud to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
In short, '58 HOME LEGISLATION AFFECTING TRADE though the prices of certain commodities are lower, the.
total cost of living is not less, for legislation has added to the cost of living of artisan, employer, merchant, and retailer just as it has added to the total cost of maintaining the British pauper. Nor is this cost of living lessened by asserting that it is not the cost, but the standard of living, which has advanced.
As will be shown in chapter xi., prices in the United States were also a...t their lowest in 1897, having de- creased rapidly and steadily from the date of imposing the higher duties of the McKinley tariff. But it is incredible that an increase of duty should cheapen the prices of commodities within the protected area. Retail prices, as we have stated several times already, are determined by the prices the consumer will pay or can afford ; not, as some believe, determined always by the cost of production plus the producer's and distributor's fair profit.
Nor can the fall of prices be attributed to the gold production, for between 1890 and 1897, the period of the sharpest decline in prices, the annual production in the British Empire had doubled.
What to read after The Causes of Decay in a British Industry?
You can find similar books in the "Read Also" column, or choose other free books by "artifex," Pseud to read onlineMoreLess
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