Economics; An Account of the Relations Between Private Property And Public Welfare
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In our eReader you can find the full English version of the book. Read Economics; An Account of the Relations Between Private Property And Public Welfare Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Economics; An Account of the Relations Between Private Property And Public Welfare
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The syndicate itself had very large capital, and was supported by many of the strongest financial houses of Europe. Yet with all these things in its favor it failed disastrously, because the consumption of copper at the advanced prices shrunk to such a degree that all the calculations of the syndicate were deranged and its financial resources put to a strain which they could not stand. Even the strongest of monopolies must make its price low enough to cause the public to buy its goods or servic...es to a sufficient extent to utilize its capital, and this price will usually be found to be nearly the same as that which would have been fixed by free competition.
§ 181. If a large industrial combination uses the advan- tages given by concentration of capital to render labor more efficient and obtain a good profit at low rates, it has excellent chances of success. But if it makes such economy of labor a pretext instead of an object, and uses its monopoly to put prices up, the danger of failure is wholly disproportionate to the chances of success.
What to read after Economics; An Account of the Relations Between Private Property And Public Welfare?
You can find similar books in the "Read Also" column, or choose other free books by Hadley, Arthur Twining, 1856-1930 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The syndicate itself had very large capital, and was supported by many of the strongest financial houses of Europe. Yet with all these things in its favor it failed disastrously, because the consumption of copper at the advanced prices shrunk to such a degree that all the calculations of the syndicate were deranged and its financial resources put to a strain which they could not stand. Even the strongest of monopolies must make its price low enough to cause the public to buy its goods or servic...es to a sufficient extent to utilize its capital, and this price will usually be found to be nearly the same as that which would have been fixed by free competition.
§ 181. If a large industrial combination uses the advan- tages given by concentration of capital to render labor more efficient and obtain a good profit at low rates, it has excellent chances of success. But if it makes such economy of labor a pretext instead of an object, and uses its monopoly to put prices up, the danger of failure is wholly disproportionate to the chances of success.
What to read after Economics; An Account of the Relations Between Private Property And Public Welfare?
You can find similar books in the "Read Also" column, or choose other free books by Hadley, Arthur Twining, 1856-1930 to read onlineMoreLess
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