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Essay

The Surplus

Essay specific features

 

Issue:

Business

 

Written by:

Steve R

 

Date added:

October 25, 2014

 

Level:

University

 

Grade:

B

 

No of pages / words:

3 / 749

 

Was viewed:

7815 times

 

Rating of current essay:

 
Essay content:

However, the advantages of a labor-saving technical change can be taken either as an increase in total product with the same amount of labor or the same production with less labor. If you go with the first way then the productivity will increase, so the surplus product. With the use of same production with less labor method the consumption of the producers will be reduced and it will cause an increase of the surplus product...
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If you go with the first way then the productivity will increase, so the surplus product. With the use of same production with less labor method the consumption of the producers will be reduced and it will cause an increase of the surplus product. Another way of increasing the surplus would involve capital goods-saving technology...
displayed 300 characters

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