Capital is that part of wealth which is devoted to obtaining further wealth. Alfred Marshall capitaldevoteobtain Change image and share on social
All labour is directed towards producing some effect. Alfred Marshall directeffectlabour Change image and share on social
In common use almost every word has many shades of meaning, and therefore needs to be interpreted by the context. Alfred Marshall commoncontextinterpret Change image and share on social
And very often the influence exerted on a person's character by the amount of his income is hardly less, if it is less, than that exerted by the way in which it is earned. Alfred Marshall amountcharacterearn 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
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
But if inventions have increased man's power over nature very much, then the real value of money is better measured for some purposes in labour than in commodities. Alfred Marshall commodityincreaseinvention 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
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
Civilized countries generally adopt gold or silver or both as money. Alfred Marshall adoptcivilizecountry Change image and share on social
