The Economic Position of the British Labourer
The Economic Position of the British Labourer
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In our eReader you can find the full English version of the book. Read The Economic Position of the British Labourer 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 The Economic Position of the British Labourer
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Even a shareholder cannot make the smallest pur- chase without paying for it across the counter. It would be almost impossible to exaggerate the advantages which have been secured by strictly adhering to this ready money principle. For in- stance, no bad debt can ever be made, and thus one important item of serious loss is avoided. Since ready money is always paid, the goods w^iich the society purchases can be bought on the most favourable terms. Again, when no credit is given, there is no mone...y locked up in book debts, and a very large business can be done with a 6 82 The Economic Position comparatively small capital ; the permanent sta- bility of the society is thus secured, for if its business should suffer from distress amongst the operatives of the district, its trade operations could be contracted without loss, when there are no outstanding credit obligations. The working men who are thus encouraged to make their pur- chases for ready money, are emancipated from one of the chief dangers which threaten their welfare and prosperity.
What to read after The Economic Position of the British Labourer?
You can find similar books in the "Read Also" column, or choose other free books by Fawcett, Henry, 1833-1884 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Even a shareholder cannot make the smallest pur- chase without paying for it across the counter. It would be almost impossible to exaggerate the advantages which have been secured by strictly adhering to this ready money principle. For in- stance, no bad debt can ever be made, and thus one important item of serious loss is avoided. Since ready money is always paid, the goods w^iich the society purchases can be bought on the most favourable terms. Again, when no credit is given, there is no mone...y locked up in book debts, and a very large business can be done with a 6 82 The Economic Position comparatively small capital ; the permanent sta- bility of the society is thus secured, for if its business should suffer from distress amongst the operatives of the district, its trade operations could be contracted without loss, when there are no outstanding credit obligations. The working men who are thus encouraged to make their pur- chases for ready money, are emancipated from one of the chief dangers which threaten their welfare and prosperity.
What to read after The Economic Position of the British Labourer?
You can find similar books in the "Read Also" column, or choose other free books by Fawcett, Henry, 1833-1884 to read onlineMoreLess
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