Articles liés à Economics: Lesson 17 (Classic Reprint)

Economics: Lesson 17 (Classic Reprint) - Couverture souple

Cudmore, Sedley Anthony

 
9780266052562: Economics: Lesson 17 (Classic Reprint)

Synopsis

Excerpt from Economics: Lesson 17

Comition was keen and pronto were small in the United States in the period following the Civil War. Con sequently we find bera'the loosest kind of combination (the pool) coming into prominence in American manufac turing industry. An instance given by Ripley is the case of the Michigan Salt Association. Comition in the salt trade had proved very destructive of the capital engaged in it, and finally about 1866 we find the salt manufacturers in Michigan agreeing to sell their product to an Associa tion which was to dispose of it for them. Thus they would cease to come against each other in the market and would be enabled to secure enhanced profits.

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