Login
Discover
Waves
Communities
Raidstead
Write
Login
Signup
the ontologist
@kaleryd
25
philosophy of wealth
Followers
23
Following
0
Follow
Email digest
Resource Credits
Available
Used
Created
2018-03-05 08:35
RSS Feed
Subscribe
Posts
Blog
Posts
Comments
Communities
Wallet
kaleryd
surplus
9y
DEFICIT
If there is a surplus of certain commodity, there is another commodity in deficit. The market equilibrium of any commodities poses definite quantitative requirement for every one of them. In order exchange
$ 0.000
0
kaleryd
surplus
9y
SURPLUS
When a commodity is supplied on the market in grater quantity – compared to the required at that particular moment, – there is a surplus of it. According to the intrinsic value of particular commodities
$ 0.000
0
kaleryd
market
9y
MARKET EQUILIBRIUM
The commodities are in market equilibrium when they are exchanged for each other according to their intrinsic value. The market equilibrium presents a lasting value balance between the products as the
kaleryd
intrinsic
9y
INTRINSIC VALUE
The value in use and the cost of all commodities are expressed together in the intrinsic value of any commodity. The process of consumption of a good furnishes the production of another good, since the
kaleryd
market
9y
VALUE IN USE
The market value of a commodity is revealed in the eventual consumption of it as a value in use. So the value of an economic good is found in the effects of its productive consumption mediated by the market.
kaleryd
cost
9y
COST
The product – delivered with a commodity – presents the commodity’s cost. Thus, the value is just all inputs used during the production of a particular product in order to bring it to the market. Production
kaleryd
value
9y
VALUE
If a commodity is taken as a measure for the exchangeability of another commodity, it presents a market value. Market supply and market demand make the commodities measurable in each other, and so a market
kaleryd
demand
9y
EFFICIENT SUPPLY AND EFFICIENT DEMAND
When the demand for a specific commodity is completely backed up by a supply of another commodity, which can be exchanged for the first, there is efficient market demand; and when the supply of a certain
kaleryd
commodities
9y
DEMAND
If commodities are required on a market, there is market demand. A product should be demanded on the market in order to be a commodity. With no demand for it, an economic good cannot be taken out of the
kaleryd
commodities
9y
SUPPLY
Commodities taken to the market for the single purpose of exchange form the market supply. A good should be supplied on the market in order to be a commodity. If not a part of the market supply, an economic
kaleryd
commodity
9y
COMMODITY
When a product is exchangeable on the market, it is a commodity. The private property spheres of entrepreneurs form the prerequisition for the existence of a commodity, because otherwise, the product exchanged
kaleryd
market
9y
MARKET
The market brings together the producer and the consumer of a product. The product is produced by an entrepreneur but is consumed by another. At the end of a production process, the product is an unneeded
kaleryd
common
9y
COMMON PROPERTY
Property combining the activity of entrepreneurs is common property. All the products are interdependent since for the production of one, another is required as raw material, and in the consumption of
kaleryd
private
9y
PRIVATE PROPERTY
Property promoting and restricting to a certain extend the activity of entrepreneurs is private property. The increase of the wealth is secured in the confines of a particular productive consumption, which
kaleryd
productivity
9y
WEALTH
The increasing stock of products is wealth. Productivity yields wealth in the roundaboutness of invested capital and acquired rent. As so, wealth marks the provisional limits of productivity in the optimal
kaleryd
increasing
9y
CONSTANT MARGINAL PRODUCT
The increasing marginal product from a property leads to the decreasing marginal product of that property and, eventually, to a move in the opposite direction in order to preserve the property as such.
kaleryd
capital
9y
DECREASING MARGINAL PRODUCT
The proper sustainability of the stock of goods in a capital drags the last increase in the size of a product down in the production activities; as it is the only way available to preserve the capital,
kaleryd
product
9y
INCREASING MARGINAL PRODUCT
The extending productive consumption of economic goods leads to further increase in the size of the last product from it; as more of the productivity, given by a property, is put into use. Increasing
kaleryd
product
9y
PRODUCT
A produced economic good is a product. The productivity of property yields products: rent is given always in the form of products as it is the outcome of the use of property; capital prepares the conditions
kaleryd
capital
9y
PRODUCTIVITY
The relation between output and input in productive consumption is productivity. Entrepreneurs utilise a property in order to increase the product of that property. It is used up as capital and accumulated
← Latest
Older →