Increase Quote by David Ricardo
“The exchangeable value of all commodities rises as the difficulties of their production increase.”
About This Quote
Source Book: Principles of Political Economy and Taxation, 1817
As production becomes harder, the price of goods tends to increase.
In simple terms: Harder production raises prices.
Consider production costs when pricing.
Themes
Mood
Type
When to use this quote
- manufacturing
- agriculture
- energy markets
- inflation
- policy planning
Key Concepts
Questions to Reflect On
- How do rising costs affect consumer behavior?
- What role does innovation play in offsetting price rises?
Does not account for technological breakthroughs that lower costs.