circumstances which determine the respective shares of the laborer and the
- (1.) What is the lowest rate of profit which can permanently exist? (2.) Why is this minimum variable?
- Analyze the remuneration received by any of the following: (1) the proprietor of a cotton-mill managing his own mill; (2) a merchant conducting his own business; (3) a railway shareholder; (4) a holder of government funds.
- Into what portions may we divide the return which is usually [pg 643] called profit? Which of these portions would be received by a merchant carrying on business with borrowed capital?
- Analyze the payment called profits into its various elements. Point out in what respects the earnings of the employer differ from or resemble the wages paid to other classes of laborers.
- It is asserted that “profits tend to an equality.” What conditions must be satisfied before this position can be maintained?
- How is the alleged tendency of profits to equivalence in different employments to be reconciled with the notorious difference in the profit of different individuals?
- Which one of the elements in profit has the greatest effect on its amount? Explain by comparing the causes which regulate each element.
- How does Mill reconcile the high wages in America with Ricardo's law of profits?
- Explain the proposition that the rate of