Elementary Economics With Special Reference to Social And Business Conditions I

Cover Elementary Economics With Special Reference to Social And Business Conditions I
Elementary Economics With Special Reference to Social And Business Conditions I
Charles Manfred Thompson
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a. Could capitalistic methods be employed? How?
b. Why are they not usually employed?
c. Under what conditions are they sometimes employed ?
d. Does there appear to be any relation between capitalistic methods and the law of diminishing returns ? Explain.
4. Classify the capital in some industry with which you are familiar into free, specialized, fixed, and circulating.
5. Suppose a certain individual invests $10, 000 in a store site and building ; also an equal amount in another site and build
...ing utilized by the state as an armory for a company of militia. Which -should normally earn the larger return? Why?
6. Prepare a list of various forms of social capital. Show how each item in the list lessens the need for greater individual wealth.
1. "The corporative form of industry has been a big factor in the saving and investing of capital. " Explain with some detail how this is true.
2. Socialists usually claim that labor is the source of all wealth, a. Can wealth be created without labor?


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