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MARGINAL PRODUCTIVITY AND THE DEMAND
Extension of the area of organisation
A mans efficiency depends partly on the efficiency of
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action actually adjustment advantage amount analysis appears apply arise assume become better capital cause chapter competition concerned consequently considerable continue contract cost course demand for labour depends determination difficulty diminish direct easily economic effect efficiency elasticity employed employer employment equal equilibrium expected extent fact factors fall favourable firms fixed follow force further future give given greater higher important income increase industry interest invention kind labour market lead least less limits lower maintain marginal product matter means ment methods naturally normal offer once output paid particular period position possible present probably problem profits proportion quantity question raise rates reason reduced relative remain result rise seems strike substitution supply supply of labour suppose theory things Trade Union true usually wages whole workmen