The elements of political economy, with some applications to questions of the day . g each person to do only one thing,at the same time makes him more dependent on his neigh-bors, for it creates the necessity of exchange. Ifeach person tried to produce all that he wanted, as Robin-son Crusoe did, there would be no reason for an exchangeof goods with others. There would, in that case, be nobusy cities, no steamers, no vast network of railways, andno great stores and warehouses. The reason why goodsare exchanged at all is because every person can do some 86 EXCHANGE. Chart III.—Chat-t showing fo
The elements of political economy, with some applications to questions of the day . g each person to do only one thing,at the same time makes him more dependent on his neigh-bors, for it creates the necessity of exchange. Ifeach person tried to produce all that he wanted, as Robin-son Crusoe did, there would be no reason for an exchangeof goods with others. There would, in that case, be nobusy cities, no steamers, no vast network of railways, andno great stores and warehouses. The reason why goodsare exchanged at all is because every person can do some 86 EXCHANGE. Chart III.—Chat-t showing for the United States, in i8So, the ratiobetween the totalpoptdation over tejt years of age and the number ofpersons reported as engaged i7t each principal class of gainful occu-pations. Compiled from the returns of the Tenth Census. Note.—The interior square represents the proportion of the popu-lation which is accounted for as engaged in gainful occupations. Theunshaded space between the inner and outer squares represents theproportion of the population not so accounted (i.) Engaged in agriculture 7,670,493 (2.) manufactures and mining 3,837,112 (3.) trade and transportation 1,810,256 (4.) professional and personal services 4,074,238 17,392,099Not so engaged 19,369,508 Total population over ten years of age 36,761,607
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Keywords: ., bookcentury1800, bookdecade18, booksubjecteconomics, bookyear1887
