| 单词 | natural price |
| 释义 | > as lemmasnatural price natural price n. Economics (now historical) the (intrinsic) value of a commodity with respect to the costs of production, as distinguished from the fluctuating market value. ΚΠ 1662 W. Petty Treat. Taxes 30 If the Corn which feedeth London..be brought forty miles thither, then the Corn growing within a mile of London..shall have added unto its natural price, so much as the charge of bringing it thirty nine miles doth amount unto. 1776 A. Smith Inq. Wealth of Nations I. i. vii. 60 The natural price..is, as it were, the central price, to which the prices of all commodities are continually gravitating. View more context for this quotation 1851 Farmer's Mag. 19 173/1 It had been laid down.., that the natural price of the produce of any country consisted of the rent, the labour, and sufficient profit for the farmer to live by. 1992 Economist 3 Oct. 60/2 Ricardo was associated with the iron law of wages, which holds that the natural price of labour is ‘subsistence plus enough for reproduction’. < as lemmas |
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