Chapter XX. Of The Competition Of Different Countries In The Same Market.

§ 1. Causes which enable one Country to undersell another. § 2. High wages do not prevent one Country from underselling another. § 3. Low wages enable a Country to undersell another, when Peculiar to certain branches of Industry. § 4. -But not when common to All. § 5. Low profits as affecting the carrying Trade.

§ 1. Exchange and money make no Difference in the law of Wages. § 2. In the law of Rent. § 3. -Nor in the law of Profits. Book IV. Influence Of The Progress Of Society On Production And Distribution.