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Wage-fund
WAGE-FUND

Definition: The theory (now abandoned) that there is at any given time in a country a determinate amount of capital available for the payment of labour, therefore the average wage depends on the proportion of this fund to the number of persons who have to share in it.
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NOT APPLICABLE.


See perfect old (2).

See perfect type (1).

See perfect theory (1).
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See perfect doctrinaire.

See perfect good old days.
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