CONTINUED FROM LAST WEEK Again, the entrepreneur who takes advantage of over-supply of labour, coupled with a short-supply of the…
CONTINUED FROM LAST WEEK Until the emergence of capitalism, the pronouncements of scientists concerning their discoveries were regarded as heresies.…
CONTINUED FROM LAST WEEK Egoistic Altruism: We have it on the venerable authority of Adam Smith that, by pursuing his…
CONTINUED FROM LAST WEEK It is obvious from what we have said that the beneficial effects of division of labour…
If there had been one currency for the whole world issued by universally recognised monetary authorities, or if all countries…
CONTINUED FROM LAST WEEK If there had been one currency for the whole world issued by universally recognised monetary authorities,…
CONTINUED FROM LAST WEEK In this case, its policy would be to budget for a surplus. If there is too…
CONTINUED FROM LAST WEEK Conversely, if the goods and services available are too plentiful, relative to the prevailing amount of…
From our earlier description of him, the entrepreneur is a worker of exceptional skill and ability. Usually, he takes many…
CONTINUED FROM LAST WEEK Since its supply is limited, and cannot be increased, it follows that the greater the demand…
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