Geography · Economic Geography

Which statement aligns with David Ricardo's view on labour in economic theory?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Capital accumulation continues infinitely without hitting diminishing returns
2Wages never deviate from market price in the short run
3Labour is dear when it is plentiful
4Labour is a commodity whose market price fluctuates around its natural price✓

Correct answer

Labour is a commodity whose market price fluctuates around its natural price

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Which statement aligns with David Ricardo's view on labour in economic theory?

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Which statement aligns with David Ricardo's view on labour in economic theory?

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