Economics a Text book for the Use of High Schools Colleges And Universities

Cover Economics a Text book for the Use of High Schools Colleges And Universities
Economics a Text book for the Use of High Schools Colleges And Universities
Walter S Smith
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The conditions vary 92 Economics so widely that no general method can be used to estimate the conditions, except to deduct a certain percentage annually from the original cost of the plant. In special cases, special methods might be devised. Experience has taught that, barring accident, a locomotive can be estimated to run a certain number of miles without repair. Dividing this distance into the cost of repairing a locomotive will give, very closely, the cost per mile of running a locomotive. I...n all mercantile investments, overhead expense becomes a serious item. The conditions affecting mercantile invest- ments were treated under Distribution and Consumption. It does not seem necessary to repeat them.
93 Economics CHAPTER X. FINANCIAL INVESTMENTS.
Financial Investments seem to follow three general conditions. Investments in buying articles, or ownership; investments that will give control, and investments that will yield an income. In buying an article, three condi- tions, again, present themselves.


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