Imports And Employment An Economic Note
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The same is true of the nation in its foreign trade. Exports are its work, that portion of our imports which pays for them is our wages, and we want to get the largest quantity and best quality of these wages which come to us in the form of things we can eat or drink or wear, or use for our own production, in exchange for the smallest quantity of our exported work.
In the illustration we have been discussing, the engine, which at the moment it would have cost, 3, 000 to pro- duce by Glasgow lab...our, was obtained all the same at the cost of ^2, 700 of Northampton labour, and the ^300 20 which the railway company thus saved would be spent on the line or paid away in dividends, in either case provid- ing employment up to the full ^3, 000, and the railway company and the nation would have, 300 worth of some- thing in addition to the engine to show for it. The same is true of Belgium, which obtains for her, 2, 700 engine the boots which it would have cost her, 3, 000 to make, and retains . 300 for other expenditure on other employ- ments.
What to read after Imports And Employment An Economic Note?
You can find similar books in the "Read Also" column, or choose other free books by Russell Rea to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The same is true of the nation in its foreign trade. Exports are its work, that portion of our imports which pays for them is our wages, and we want to get the largest quantity and best quality of these wages which come to us in the form of things we can eat or drink or wear, or use for our own production, in exchange for the smallest quantity of our exported work.
In the illustration we have been discussing, the engine, which at the moment it would have cost, 3, 000 to pro- duce by Glasgow lab...our, was obtained all the same at the cost of ^2, 700 of Northampton labour, and the ^300 20 which the railway company thus saved would be spent on the line or paid away in dividends, in either case provid- ing employment up to the full ^3, 000, and the railway company and the nation would have, 300 worth of some- thing in addition to the engine to show for it. The same is true of Belgium, which obtains for her, 2, 700 engine the boots which it would have cost her, 3, 000 to make, and retains . 300 for other expenditure on other employ- ments.
What to read after Imports And Employment An Economic Note?
You can find similar books in the "Read Also" column, or choose other free books by Russell Rea to read onlineMoreLess
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