markitect-main/examples/infospace-with-history/output/entities/thriving-country.md

Thriving Country

Definition

A nation experiencing continual increase in wealth, where the continual increase in the number of inhabitants and the funds for maintaining labour create competition among masters for workers, naturally raising wages above the lowest rate.

Source Chapter

Book I, Chapter 8

Context

Presented as the condition most favourable to high wages, with North America used as an example of rapid economic growth leading to high wages and favourable conditions for labour.

Economic Domain

General Theory

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