The Analysis Of Sino-U.K. Economic Profit And Loss For Families From 13 To 16 Century

1. The historical difference of Sino-U.K. growth modeSino-U.K. growth mode took different ways of development in modern time because of the tremendous difference in labor productivity. U.K. as the world factory was the richest country which held the global hegemony; while China declined and reduced to an edge country in the wave of globalization. The discussion on the different historical fates of two big powers is prolonged prosperous in academe of each state.2. The issue mode(1) The comparative characteristics of Sino-U.K. macro-production factors data(2) The comparative characteristics of Sino-U.K. family financial profit and loss account(3) Factors that affect Sino-U.K. family financial profitability and influences to social stability3. The core research methodThe paper founds the data of comparative mode and makes the research mainly through the collection of macro-production factors and micro-family financial profit and loss account from Ming dynasty of China and Tudor dynasty of U.K. in 13 and 16 century.4. Conclusion(1) The impact of per capita arable land on the price of production factorsChina's per capita arable land has been lower than the United Kingdom. The condition of more people and less land made land price and land rent keep rising, while the labor price steadily keep declining. As a result, the price of Chinese commodity lay on the lower level all the time. On the contrary, less people and more land made U.K. land price cheaper, and labor price more expensive.(2) The impact of per capita arable land on per capita incomeThe big difference of per capita arable land data directly led to the difference of Sino-U.K. per capita income. This per capita income difference started from pre-industrial revolution, not from industrial revolution.(3) Sino-U.K. comparative advantage Because of higher labor force price and higher percentage of the payment of labor force in product price, U.K. must lower product prices in the ratio of labor costs through technological innovation; whereas the comparative advantage of China is that because of low labor force price, China's commodity access to international market is the advantage. It didn't need the technological innovation, had the advantage of price competition.(4) The data characteristics of Sino-U.K. family financial profit and loss accountThe index, such as British household income, net income, operating expenses, cost of living, the commodity rate, residual rate, savings rate, the Engel's coefficient, food and clothing ratio are all superior to China, which means China's family-run risk is higher than the United Kingdom, and bankruptcy probability of family-run is much higher than the United Kingdom. But in the agricultural community, the major production mode is small-scale family production. The quality of family financial data has a close relationship with the social stability.(5) The datamation interpretation of British economic growth miracleThe British economic growth miracle mainly comes from the changes of British industrial structure and income structure, not the comparative advantage of per capita arable land, which is the result of a series of industrial innovation and financial innovation from British government and the people.