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markitect-main/examples/infospace-with-history/output/entities/money-price-of-labour.md
tegwick 2804de3d24 infospace: process book-4-chapter-05
Extract entities, map to VSM, and synthesize analysis.
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Money Price of Labour

Definition

The wage rate paid to workers expressed in monetary units, which must be sufficient to enable labourers to purchase necessary subsistence for themselves and their families.

Source Chapter

Book IV, Chapter 5

Context

Smith explains how the money price of corn regulates the money price of labour, as wages must be sufficient to purchase the necessary quantity of corn for subsistence.

Economic Domain

Distribution