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Overpopulation
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What did david ricardo argues happens when workers received high wages?
Overpopulation
What did David Ricardo argue happens when workers received higher wages?
David Ricardo argued that when workers receive higher wages, it can lead to an increase in the labor supply. This, in turn, may result in diminishing returns to labor, as more workers enter the market, potentially driving down wages over time. Additionally, higher wages can also lead to increased demand for goods, which may boost production but could eventually lead to inflationary pressures. Overall, Ricardo believed that higher wages could have complex effects on the economy, balancing between improved living standards for workers and potential negative impacts on employment and prices.
The concept of 'no rent land ' is visualized by?
David Ricardo
When was David Ricardo born?
David Ricardo died on September 11, 1823 at the age of 51.
How old was David Ricardo at death?
David Ricardo died on September 11, 1823 at the age of 51.
Who is David Ricardo?
An economist.
What did David Ricardo invent?
The clarinet?
How old is David Ricardo?
David Ricardo was born on April 19, 1772 and died on September 11, 1823. David Ricardo would have been 51 years old at the time of death or 243 years old today.
What did David Ricardo do?
David Ricardo called England home. He was born in 1772 and died in 1823. During his life he was a political economist for his homeland.
When is Ricardo rodriguiz birthday?
Ricardo Vidal was born on February 6, 1931.
Who are the ekonomista?
adam smith, David ricardo
What did David Ricardo define economics has?
david ricardo defines economics as the fundamental argument in favor of free trade among countries and of specialization among individuals.
