Skip to content

The price of corn will naturally rise with the difficulty…

“The price of corn will naturally rise with the difficulty of producing the last portions of it.” quote by David Ricardo
Download Open image
“The price of corn will naturally rise with the difficulty of producing the last portions of it.”

David Ricardo

About This Quote

This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.

Scarcity of a resource drives up its price as production becomes harder.

In simple terms: Harder to produce means higher price.

Key Takeaway

Expect higher costs when resources run low.

Themes

economics scarcity prices production resource management

Mood

analytical neutral academic

Type

economic theoretical

When to use this quote

  • agricultural planning
  • investment decisions
  • policy making
  • risk assessment

Key Concepts

supply and demand marginal cost law of diminishing returns

Questions to Reflect On

  • How might substitutes affect this price rise?
A Different Perspective

Does the model account for technological breakthroughs that lower difficulty?

★ ★ ★ ★ ★ No ratings yet

More by David Ricardo

Explore all 72 David Ricardo quotes

More Corn quotes

Browse all 491 Corn quotes