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Principles of Economics, v. 2.1 , Rittenberg test bank & solutions manual

Principles of Economics, v. 2.1 , Rittenberg test bank & solutions manual

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Principles of Economics, v. 2.1 , Rittenberg test bank & solutions manual

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Test Bank Info:

ISBN-10: 1453364862 ISBN-13: 978-1453364864

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The efficiency as compared with the cost of almost every class of labour, is thus continually being weighed in the balance in one or more branches of production against some other classes of labour: and each of these in its turn against others. This competition is primarily “vertical”: it is a struggle for the field of employment between groups of labour belonging to different grades, but engaged in the same branch of production, and inclosed, as it were, between the same vertical walls. But meanwhile “horizontal” competition is always at work, and by simpler methods: for, firstly, there is great freedom of movement of adults from one business to another within each trade.

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