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Systematic theft generates an unbeatable cost advantage by avoiding the standard cost of propertied goods for which law-abiding competitors must pay.
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However, according to Stephen Green, at Standard Chartered, stocks of finished goods are still rising, which will curb production over the next few months.
ECONOMIST: For those looking gamely for bright spots, China flickers
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Falling prices not only enhance our standard of living, but they also expand the range of goods we can access alongside the expansion of our ability to save.
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Upon calling them again I was told that this was standard procedure in the event of faulty goods and no refund or exchange could go ahead without this visit, despite a previous agent telling me that the pictorial evidence was sufficient to effect this action.
BBC: Fergus Muirhead
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Indeed, they sometimes go further, with one of the goods taking on a money-like quality and being used as a standard of trade.
ECONOMIST: Social science
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When a weak dollar makes imports more expensive, our standard of living goes down as we pay more for goods we buy at the mall.
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Seniors would do far better each choosing their own health insurers themselves in a competitive marketplace, which is the system that has generated the highest standard of living in the world in America for all goods and services.
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The resulting abundance of goods in our grocery stores and the leaps in our standard of living became the greatest argument for America around the world.
NEWYORKER: Testing, Testing
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Accounts receivable days is a standard measure of the average number of days a company takes to collect payment on goods or services it sold.
FORBES: Slower payments hitting some construction firms
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And the obvious question to ask after that is whether the capital and people working in the future will produce enough goods and services to provide those who have retired with the standard of living that they expect or at least hope to have, based on the dollar value of their retirement savings and entitlement benefits.
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It is the goods and services produced, not the paper money, that make up the standard of living.
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