Introduction to Contemporary Civilization; a Syllabus
Format: Paperback
ISBN13: 9781150451164
Paperback|9781150451164
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Overview
This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1921 Excerpt: ...The dominance of large-scale enterprise in certain lines of industry. Taussig, Principles of Economics, I, 49-66; Clay, 123-127. (Note--This section treats only the "legitimate" aspects of large scale production. Monopolies, combinations and "trusts" are treated under 3, p. 88). (a) Marked increase in the size of the industrial unit within recent years. (6) Reasons for the development of large-scale enterprises, i. Industrial reasons. (i) Tendency toward increasing returns in industry. (--) Advantages of standardization of product. (iii) Utilization of by-products. (--) Economy of power. (-) Greater division of labor possible. (vi) Scientific and technical research possible, ii. Business reasons. (-) Elimination of cost of competition. (i-) Selling advantages, (m) Buying advantages. (--) The stimulus of promoter's profits. (c) Restriction of the tendency toward large-scale production to certain industrial fields. (d) Large scale enterprise and wide markets. As local specialization develops and the size of the productive unit increases, the entrepreneurs are driven to more distant markets to sell their produce. Large-scale enterprise is therefore dependent upon good means of transportation. i. Requirements for effective means of transportation. (i) Speed: the importance of the time element in transportation, especially in the case of perishable goods. Refrigeration cars. Interest on invested capital while goods are in transit. (i-) Regularity: e.g. the milk supply of New York City. Commutation, (ii-) Safety: passenger traffic, fragile goods. (-) Cheapness: high rates reduce the size of the market. "Discriminating rates" in U. S. Marshall, Wright & Field, 259-266. (&...
| ISBN-13 | 9781150451164 |
|---|---|
| ISBN-10 | 1150451165 |
| Weight | 0.66 Pounds |
| Dimensions | 9.00 x 6.00 x 0.45 In |
| List Price | $19.99 |
| Format | Paperback |
|---|---|
| Pages | 198 pages |
| Publisher | |
| Published On | 2009-12-01 |
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