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Essay

Classical Political Economy

Essay specific features

 

Issue:

Business

 

Written by:

Julie F

 

Date added:

June 6, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 493

 

Was viewed:

2261 times

 

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Essay content:

The paragraphs that follow will address each part specifically. Production occurs when capital hires labor to create a good or service. Production is considered the vital part of the classical political economy, which makes labor out to be the limiting factor in economic activity. It is the state's responsibility to supply the economy with labor and a means to pay for it; this fosters production...
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It is the state's responsibility to supply the economy with labor and a means to pay for it; this fosters production. Capital takes several forms in the classical political economy?namely physical, intellectual and human capital. Physical capital describes concrete objects that can help produce goods or services...
displayed 300 characters

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