Elementary Economics An Introduction to the Study of Economics And Sociology
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In our eReader you can find the full English version of the book. Read Elementary Economics An Introduction to the Study of Economics And Sociology 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 Elementary Economics An Introduction to the Study of Economics And Sociology
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In this sense of the word, competition did not bulk large in ancient or medieval times; custom and public authority were the potent instrumentalities in fixing wages and prices. And, indeed, competition is at the present time growing less and less influential as a price-fixing force; monopoly and gov- ernmental authority are on every hand interfering with the free play of competition. But competition in the broader sense of personal rivalry is old and does not seem likely to vanish. Every produ...cer (seller) of commodities is anxious to gain advantages for himself ; and each purchaser is like- wise desirous of getting the greatest possible return for his or her expenditures of purchasing power. Under com- petitive conditions each seller and each buyer is checked and restrained by the presence, actual or potential, in the market of other sellers and buyers. G 81 82 ELEMENTARY ECONOMICS Regulated Competition. Competition in the business world is always regulated in some degree. Unrestrained competition of the " tooth and claw " or the " jungle " type, competition to the death without any restraining rules or regulations, no longer obtains.
What to read after Elementary Economics An Introduction to the Study of Economics And Sociology?
You can find similar books in the "Read Also" column, or choose other free books by Frank Tracy Carlton to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
In this sense of the word, competition did not bulk large in ancient or medieval times; custom and public authority were the potent instrumentalities in fixing wages and prices. And, indeed, competition is at the present time growing less and less influential as a price-fixing force; monopoly and gov- ernmental authority are on every hand interfering with the free play of competition. But competition in the broader sense of personal rivalry is old and does not seem likely to vanish. Every produ...cer (seller) of commodities is anxious to gain advantages for himself ; and each purchaser is like- wise desirous of getting the greatest possible return for his or her expenditures of purchasing power. Under com- petitive conditions each seller and each buyer is checked and restrained by the presence, actual or potential, in the market of other sellers and buyers. G 81 82 ELEMENTARY ECONOMICS Regulated Competition. Competition in the business world is always regulated in some degree. Unrestrained competition of the " tooth and claw " or the " jungle " type, competition to the death without any restraining rules or regulations, no longer obtains.
What to read after Elementary Economics An Introduction to the Study of Economics And Sociology?
You can find similar books in the "Read Also" column, or choose other free books by Frank Tracy Carlton to read onlineMoreLess
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