Elements of Economics

Adam Smith advantages agriculture American amount automobile balance of trade birth-rate bonds budget bushels capital cause cent chiefly child labor circulation closed shop coal companies competition consumer consumption corporation death-rate demand dollars duction economic eight-hour day employers employment Engel's Law example exchange expenses exports factory farm farmer favor Federal Reserve Bank Federal Reserve notes gold Goodyear immigrants important income increased industry investment labor unions land less loans luxury machinery manufacturing marginal utility minimum-wage laws monopoly National Bank natural monopolies necessary operation ownership paid paper money payment person population production of wealth profits protective tariff purchase railroads rate of interest rent result revenue rise secondary boycott secure sell ships social SPECIAL REPORTS standard of living supply taxation tion token money TOPICS FOR DISCUSSION trade unions United utility wages wants wheat York