Excerpt: ...and exclusive corporations. In the eighteenth and nineteenth centuries new scientific and economic forces broke up these combinations, which were far too narrow for the growing volume of industrial activity, and an epoch of competition began. The great towns of America opened their business career during this epoch, and have brought the arts of competition to a higher perfection than exists in Europe. But it has always been known that competition did not exclude combination against the consumer; and it is now ...
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Excerpt: ...and exclusive corporations. In the eighteenth and nineteenth centuries new scientific and economic forces broke up these combinations, which were far too narrow for the growing volume of industrial activity, and an epoch of competition began. The great towns of America opened their business career during this epoch, and have brought the arts of competition to a higher perfection than exists in Europe. But it has always been known that competition did not exclude combination against the consumer; and it is now beginning to be perceived that the fiercer the competition, the more surely does it lead in the end to such combination. Pg 90 A trade combination has three principal objects: it aims, first, at improving what I may call the internal business methods of the trade itself by eliminating the waste due to competition, by economising staff, plant, etc., and by the ready circulation of intelligence, and in other ways. In the second place, it aims at strengthening the trade against outside interests. These may be of various kinds; but in the typical case we are considering, namely, the combination of great middlemen who control exchange and distribution, the outside interests are those of the producer on one side and the consumer on the other; and the trade combination, by its organised unity of action, succeeds in lowering the prices it pays to the unorganised producer and in raising the prices it charges to the unorganised consumer. In the third place, the trade combination seeks to favour its own interests in their relation to other interests through political control
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Seller's Description:
This book has hardback covers. Ex-library, With usual stamps and markings, In fair condition, suitable as a study copy. No dust jacket. Please note the Image in this listing is a stock photo and may not match the covers of the actual item, 400grams, ISBN:
