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Increase Quote by David Ricardo

“The exchangeable value of all commodities rises as the difficulties of their production increase.” quote by David Ricardo
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“The exchangeable value of all commodities rises as the difficulties of their production increase.”

David Ricardo

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.

Key Takeaway

Consider production costs when pricing.

Themes

economics production prices

Mood

analytical serious

Type

economic educational

When to use this quote

  • manufacturing
  • agriculture
  • energy markets
  • inflation
  • policy planning

Key Concepts

Ricardian theory supply and demand

Questions to Reflect On

  • How do rising costs affect consumer behavior?
  • What role does innovation play in offsetting price rises?
A Different Perspective

Does not account for technological breakthroughs that lower costs.

3.6 out of 5 (10 ratings)

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