markitect-main/examples/infospace-with-history/output/entities/colony-prosperity.md

Colony Prosperity

Definition

The rapid economic growth and population increase in British North American colonies, where wages are high despite lower national wealth than England, due to the rapid increase in funds for maintaining labour.

Source Chapter

Book I, Chapter 8

Context

Presented as an example of how the rate of wealth increase, rather than absolute wealth, determines wage levels.

Economic Domain

General Theory

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