572 B
572 B
Natural Rates of Wages, Profit, and Rent
Definition
The ordinary or average rates of wages, profit, and rent at a particular time and place, which serve as the component parts of natural price for commodities.
Source Chapter
Book I, Chapter 7
Context
Defined as the rates that "may be called the natural rates of wages, profit and rent, at the time and place in which they commonly prevail."
Economic Domain
Distribution