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Occasional and Temporary Market Fluctuations

Definition

Short-term variations in market prices that primarily affect the wages and profit components of price, while having less impact on rent, which is more stable in both rate and value.

Source Chapter

Book I, Chapter 7

Context

Distinguished from permanent deviations, with the observation that "the occasional and temporary fluctuations in the market price of any commodity fall chiefly upon those parts of its price which resolve themselves into wages and profit."

Economic Domain

Exchange