Supply And Demand 8 2

Cover Supply And Demand 8 2
Supply And Demand 8 2
Henderson Hubert D.
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The value of asite in Bond Street or the City is entirely unaffected by its capacityor incapacity for potato-growing purposes. But even for agriculturalland, situation is a most important matter. A farm, which is so remotethat considerable transport charges must be incurred to bring itsproduce to market, will be less sought after, and less valuable, thanone which is much better situated though somewhat less fertile. Inwhat follows, therefore, we must speak of the "quality" of a piece ofland in ...a broad sense to include advantages of situation, as well asof fertility. Let us now, imagine the different pieces of land inGreat Britain to be arranged in order of quality, so that we have along series, with land of the best quality at one end, and of thepoorest quality at the other. At the latter end, we will have suchland as is found near the top of Snowden or Ben Nevis, which itclearly does not pay to cultivate at all. Somewhere, then, betweenthese two extremes, we shall come to a point where the land is just, but only just, worth cultivating, or where, to revert to a form ofwords we previously employed, it is a matter of _doubt_, whether theland is really worth using for a productive purpose.

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