TEXT ❖ BASE
John Stuart Mill — Principles of Political Economy
John Stuart Mill
Principles of Political Economy
Exchange
Chapter XX. Of The Competition Of Different Countries In The Same Market.
Chapter XX. Of The Competition Of Different Countries In The Same Market.
§ 1. Causes which enable one Country to undersell another.
§ 2. High wages do not prevent one Country from underselling another.
§ 3. Low wages enable a Country to undersell another, when Peculiar to certain branches of Industry.
§ 4. —But not when common to All.
§ 5. Low profits as affecting the carrying Trade.