Economics

Cover Economics
The book Economics was written by author Here you can read free online of Economics book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Economics a good or bad book?
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There is a steady decline in interest as society becomes more stable and business investments more per- manent. But the rates vary in different countries as well.
In England interest is lower than in Boston, and it is lower in Boston than in Kansas City. The chief causes of this are, first, the amount of available capital seeking employment in older countries; and, second, the element of risk. People do not like to take the risk of loaning money in new and unsettled countries, or in lands far a
...way from home. In the former case they will do so if the interest is large enough to tempt them to take the risk; in the latter case, if interest is sufficient to cover risks and agents' commissions, they may make loans. I said that the rate of interest continually decreases, although ECONOMICS.
183 the process is a slow one if we exclude the element of risk, which may cause a sudden change in the interest at any time. Thus, in early times in Kansas, money was loaned at the rate of eighteen per cent., and it was not long ago that current rates were twelve and thirteen per cent.


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