All labour is directed towards producing some effect. Alfred Marshall directeffectlabour Change image and share on social
Material goods consist of useful material things, and of all rights to hold, or use, or derive benefits from material things, or to receive them at a future time. Alfred Marshall benefitconsistderive Change image and share on social
Individual and national rights to wealth rest on the basis of civil and international law, or at least of custom that has the force of law. Alfred Marshall basiscivilcustom Change image and share on social
It is common to distinguish necessaries, comforts, and luxuries; the first class including all things required to meet wants which must be satisfied, while the latter consist of things that meet wants of a less urgent character. Alfred Marshall characterclasscomfort share on social
In the absence of any short term in common use to represent all desirable things, or things that satisfy human wants, we may use the term Goods for that purpose. Alfred Marshall absencecommondesirable Change image and share on social
Slavery was regarded by Aristotle as an ordinance of nature, and so probably was it by the slaves themselves in olden time. Alfred Marshall aristotlenatureolden Change image and share on social
Civilized countries generally adopt gold or silver or both as money. Alfred Marshall adoptcivilizecountry Change image and share on social
Consumption may be regarded as negative production. Alfred Marshall consumptionnegativeproduction Change image and share on social
The price of every thing rises and falls from time to time and place to place; and with every such change the purchasing power of money changes so far as that thing goes. Alfred Marshall changefallmoney Change image and share on social
In every age poets and social reformers have tried to stimulate the people of their own time to a nobler life by enchanting stories of the virtues of the heroes of old. Alfred Marshall ageenchanthero Change image and share on social
