...of all exchangeable value. All other revenue is ultimately derived from some one or other of these* Whoever derives his revenue from a fund which is his own, must draw it either from his labour, from , his stock, or from his land. The revenue derived * from labour is called wages ; that...

...principal ought to be paid.4 The interest, in short, is the incident or civil fruit of the moneys due.5 The revenue derived from labor is called wages ; that...manages or employs it, is called profit; that derived from money or debts due, is called interest.6 These are all of essentially the same nature, being the...

...of all exchangeable value. All other revenue is ultimately derived from some one or other of these. Whoever derives his revenue from a fund which is his own, must draw it either from his labour, from his stock, or from his land. The revenue derived from labour is called wages. That derived...

...the moneys duo. Tho revenue derived from labor is called wages; that derived from stock or property by the person who manages or employs it, is called profit ; that derived from money or debts due, is called interest ; these are all of essentially the same nature, being tho...

...This is the view taken by the best authorities on political economy. Adam Smith says of revenue : " That derived from stock by the person who manages or employs it is called profit. Capital is increased by parsimony." He also says that the motive to parsimony and the increase of capital...

...of all exchangeable value. All other revenue is ultimately derived from some one or other of these. Whoever derives his revenue from a fund which is his own, must draw it either from his labour, from his stock, or from his land. The revenue derived from labour is called wages. That derived...

...conferred upon us, but proiit is always the product of our own doings. " The revenue derived from labour is called -wages ; that derived from stock by the...person who manages or employs it is called profit." — ADAH SMITH. A BOON (Dan. and Sw. Von, a petition ; see SKEAT'S Etym. Diet.) is a specific benefit,...

...cultivates the land for himself it is not so and only shows his ignorance of the matter. For example : — " The revenue derived from labor is called wages ; that...person who manages or employs it is called profit. The revenue which proceeds from land is called rent and belongs altogether to the landlord. The revenue...

...must draw it either from his labour, from his stock, or from his land. The revenue derived from labour is called wages. That derived from stock, by the person...manages or employs it, is called profit. That derived from it by the person who does not employ it himself, but lends it to another, is called the interest...

...of all exchangeable value. All other revenue is ultimately derived from some one or other of these. •Whoever derives his revenue from a fund which is his own, must aw it either from his labour, from his stock, or from his land. The revenue derived from labour is...