The Laws of Supply And Demand
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In our eReader you can find the full English version of the book. Read The Laws of Supply And Demand 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 Laws of Supply And Demand
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We come then to see that the fundamental fact underly- ing over-production is the time-element in value and we are helped to an economic definition of it. It depends on the difference between the rate of output and the rate of sale and it is caused by the impossibility of always adjusting production to the fluctuations of demand.
Over-production in one industry, in many or in all together is an acceleration of the rate of production over and above the rate of absorption of the market, where the... demand follows its usual course, or a retardation of the rate of absorption of demand, while the rate of production temains constant, resulting in either case in a fall in values, * which may either be liquidated by immediate depreciation or be carried over at former prices for future * As we saw in Cap. V. , p. 44, that there might be a general rise in values, so also there may be a general fall in values, which would be the result of general over-production.
200 THE LAWS OF SUPPLY AND DEMAND liquidation.
What to read after The Laws of Supply And Demand?
You can find similar books in the "Read Also" column, or choose other free books by George Binney Dibblee to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
We come then to see that the fundamental fact underly- ing over-production is the time-element in value and we are helped to an economic definition of it. It depends on the difference between the rate of output and the rate of sale and it is caused by the impossibility of always adjusting production to the fluctuations of demand.
Over-production in one industry, in many or in all together is an acceleration of the rate of production over and above the rate of absorption of the market, where the... demand follows its usual course, or a retardation of the rate of absorption of demand, while the rate of production temains constant, resulting in either case in a fall in values, * which may either be liquidated by immediate depreciation or be carried over at former prices for future * As we saw in Cap. V. , p. 44, that there might be a general rise in values, so also there may be a general fall in values, which would be the result of general over-production.
200 THE LAWS OF SUPPLY AND DEMAND liquidation.
What to read after The Laws of Supply And Demand?
You can find similar books in the "Read Also" column, or choose other free books by George Binney Dibblee to read onlineMoreLess
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