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# Ordinary Rates of Wages, Profit, and Rent

## Definition

The average or typical rates of wages, profit, and rent that prevail in a society or neighbourhood, regulated partly by general circumstances of the society and partly by the particular nature of each employment.

## Source Chapter

Book I, Chapter 7

## Context

Presented as the foundation for understanding natural prices, with these ordinary rates being "naturally regulated" by both societal conditions and employment-specific factors.

## Economic Domain

Distribution

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