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Progress and Poverty
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Chapter 1: The Inquiry Narrowed to the Laws of Distribution.
Question 1 of 2
George finds a confusion in standard political economy's treatment of "profits." What is that confusion?
A
Profits are formally decomposed into wages of superintendence, risk compensation, and interest, yet then treated as a distinct fourth category alongside rent, wages, and interest
B
Profits are never mentioned in standard treatises
C
Profits are correctly defined but wages are not
D
Economists agree profits belong entirely to labor
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