Borsodi's law |
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Definition
Observation that as cost of production falls in centralized production facilities, the cost of distribution rises out of proportion to the gains realized in production. Applicable more to bulky and perishable items such as agricultural produce, it was suggested by the US land reformer and self-taught economist Ralph Borsodi, Jr. (1886-1977) who co-founded the International Independence Institute which rents out gifted or purchased land as a trust property never to be sold.
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Borsodi's law is in the Economics, Politics, & Society subject.
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