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The basic facts of economics

Note 2 — THIRD LESSON TRADE

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The principle of Economic specialization could hardly be better illustrated than by the reply of an old-time compositor in a printing establishment who contemplated making a contract for the erection of a cottage home for himself and his family, when a friend suggested that he might save money by digging the cellar himself between working hours at the case. He replied: “I can dig a better cellar and more easily at the case with a composing-stick than on the spot with a pick and shovel.”

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