Problems in American Democracy
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Chapter 18 INDUSTRIAL RELATIONS

181. LABOR AND CAPITAL.-Strictly speaking, five distinct factors are involved in production: land, labor, capital, co?rdination, and government. As a matter of fact, we are accustomed to speak of the immediate conduct of industry as involving only two factors: labor and capital. Used in this sense, the term labor refers to the masses of hired workm

            
            

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