English - Economist | July 26, 1842 - July 13, 1924
In the absence of any short term in common use to represent all desirable things, or things that satisfy human wants, we may use the term Goods for that purpose.
Alfred Marshall
PurposeShortHumanThingsMay
Capital is that part of wealth which is devoted to obtaining further wealth.
FinanceWealthCapitalDevotedPart
All wealth consists of desirable things; that is, things which satisfy human wants directly or indirectly: but not all desirable things are reckoned as wealth.
WealthHumanThingsSatisfyWants
The hope that poverty and ignorance may gradually be extinguished, derives indeed much support from the steady progress of the working classes during the nineteenth century.
HopeIgnoranceProgressSupportMay
Again, most of the chief distinctions marked by economic terms are differences not of kind but of degree.
DifferencesKindDegreeEconomic
Slavery was regarded by Aristotle as an ordinance of nature, and so probably was it by the slaves themselves in olden time.
NatureTimeSlaverySlavesOrdinance
The price of every thing rises and falls from time to time and place to place; and with every such change the purchasing power of money changes so far as that thing goes.
ChangePowerTimeMoneyFinanceFar
All labour is directed towards producing some effect.
EffectSomeLabourDirectedTowards
In common use almost every word has many shades of meaning, and therefore needs to be interpreted by the context.
MeaningShadesContextCommonAlmost
Consumption may be regarded as negative production.
NegativeProductionMayConsumption
Civilized countries generally adopt gold or silver or both as money.
MoneyGoldSilverCivilizedAdopt
Producer's Surplus is a convenient name for the genus of which the rent of land is the leading species.
NameLandRentProducerLeading
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