Full text: International trade

DIFFERENCES IN LABOR COSTS 177 
the competitive position in the market, would be the same for 
the two products. 
In thus considering competitive conditions, however, we are 
passing the limits of the present chapter. We have been con- 
cerned with the direct and simple fact of differences in labor 
cost for the same commodity. A consideration of money costs, 
prices, the possibilities of the sale of a commodity in the markets 
of another country leads to the indirect evidence of differences in 
cost. To this attention will be given in the next chapter.
	        
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