Introductory Economics
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In our eReader you can find the full English version of the book. Read Introductory Economics 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 Introductory Economics
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One business man may, however, show greater enter- prise than others in adopting new methods as soon as they appear. By the time that any particular invention has be- come the common property of the industry, the more enter- prising business men have introduced some new method, from which they are able to derive profits for a time, until this method, too, becomes the common property of the in- dustry. Thus an able enterpriser may secure a permanent flow of profits from a series of improvements ...of method, although the profits from each successive improvement are quickly annihilated by competition.
One business man may have greater skill than another in selecting workmen and in maintaining harmonious rela- 206 INTRODUCTORY ECONOMICS tions with them; in deciding just what grade of the com- modity which he produces will best suit the needs of the purchasing public ; in determining the proper proportions in which to combine materials in the production of commodi- ties of ephemeral demand. Advantages that are secured in this way have a certain degree of permanence.
What to read after Introductory Economics?
You can find similar books in the "Read Also" column, or choose other free books by Alvin Saunders Johnson to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
One business man may, however, show greater enter- prise than others in adopting new methods as soon as they appear. By the time that any particular invention has be- come the common property of the industry, the more enter- prising business men have introduced some new method, from which they are able to derive profits for a time, until this method, too, becomes the common property of the in- dustry. Thus an able enterpriser may secure a permanent flow of profits from a series of improvements ...of method, although the profits from each successive improvement are quickly annihilated by competition.
One business man may have greater skill than another in selecting workmen and in maintaining harmonious rela- 206 INTRODUCTORY ECONOMICS tions with them; in deciding just what grade of the com- modity which he produces will best suit the needs of the purchasing public ; in determining the proper proportions in which to combine materials in the production of commodi- ties of ephemeral demand. Advantages that are secured in this way have a certain degree of permanence.
What to read after Introductory Economics?
You can find similar books in the "Read Also" column, or choose other free books by Alvin Saunders Johnson to read onlineMoreLess
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