Measuring and Forecasting General Business Conditions - Couverture rigide

Persons, Warren Milton

 
9781346813066: Measuring and Forecasting General Business Conditions

Synopsis

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Présentation de l'éditeur

Prices and Price Movements In modern industrial life the various forms of activity farming, mining, manufacturing, jobbing, transporting, retailing, banking are inter-related and inter-dependent. Each industrial unit depends upon other units for raw materials and services as well as for a market. Each unit, therefore, is both purchaser and seller of goods for present or future delivery. The connection between the various units is maintained through contracts having price, whether of commodities of labor or of securities, whether prices, wages, or interest, as the main characteristic. Price movements considered in the broadest sense are the outstanding features of business cycles of prosperity and depression. Every individual, corporation, or firm in business is, necessarily, interested in prices. Profits are secured in normal times through careful buying and intelligent selling. The problems of the manufacturer, the dealer, the speculator, or the investor are, first, the selection of the kind of security or commodity to buy or sell, and second, the selection of the time for purchase or sale. In the present discussion we are interested in the second problem the selection of the time for purchase or sale and the increase or decrease of commitments. The Problem Stated The nature of a business enterprise determines in general the nature of the commodities or securities in which the given concern must deal. The question, when to buy or sell, therefore, is realh much more important to a given concern than the question what to buy or sell.
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