21. That portion of the produce of land which remains to the owner after all the outgoings belonging to its cultivation are paid, including the ordinary profits of the capital employed. MONEY-RENT OF LAND. 22. The average rent of land as before defined, estimated in money. GROSS SURPLUS OF THE LAND. 23. That portion of the produce of land which is not actually consumed by the cultivators. WAGES OF LABOUR. 24. The remuneration paid to the labourer for his exertions. NOMINAL WAGES. 25. The wages which the labourer receives in the current money of the country. REAL WAGES. 26. The necessaries, conveniences, and luxuries of life which the wages of the labourer enable him to command. THE RATE OF WAGES. 27. The ordinary wages paid to the labourer by the day, week, month, or year, according to the custom of the place where he is employed. They are generally estimated in money. THE PRICE OF LABOUR. 28. Has generally been understood to mean the average money-price of common day-labour, and is not therefore different from the rate of wages, except that it more specifically refers to money. THE AMOUNT OF WAGES. 29. The whole earnings of the labourer in a given time, which may be much more or much less than the average rate of wages, or the price of common day-labour. THE PRICE OF EFFECTIVE LABOUR. 30. The price in money of a given quantity of human exertion of a given strength and character, which may be essentially different from the common price of day-labour, or the whole money-earnings of the labourer in a given time. ACCUMULATED LABOUR. 31. The labour worked up in the raw materials and tools applied to the production of other commodities. PROFITS OF STOCK. 32. When stock is employed as capital in the production and distribution of wealth, its profits consist of the difference between the value of the capital advanced, and the value of the commodity when sold or used. THE RATE OF PROFITS. 33. The per centage proportion which the value of the profits upon any capital bears to the value of such capital. THE INTEREST OF MONEY. 34. The net profits of a capital in money separated from the risk and trouble of employing it. THE PROFITS OF INDUSTRY, SKILL, AND ENTERPRISE. 35. That portion of the gross profits of capital, independent of monopoly, which remains after deducting the net profits, or the interest of money. MONOPOLY PROFITS. 36. The profits which arise from the employment of capital where the competition is not free. CONDITIONS OF THE SUPPLY OF COMMODITIES.