Economics for Consumers |
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Page 14
The present economic system is one in which competition is an all - pervasive force . Properly and completely understood , the description of capitalism as a competitive society is correct , but while competition may prevail in large ...
The present economic system is one in which competition is an all - pervasive force . Properly and completely understood , the description of capitalism as a competitive society is correct , but while competition may prevail in large ...
Page 183
Clearly this type of advertising has little or no effect on competition . Advertising can make competition keen , but it is beneficial only in so far as the goods and services advertised are beneficial .
Clearly this type of advertising has little or no effect on competition . Advertising can make competition keen , but it is beneficial only in so far as the goods and services advertised are beneficial .
Page 184
The argument that advertising is beneficial because it makes competition more effective is predicated upon the assumption that competition always promotes efficiency . This is an assumption which will not stand analysis .
The argument that advertising is beneficial because it makes competition more effective is predicated upon the assumption that competition always promotes efficiency . This is an assumption which will not stand analysis .
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Contents
THE ROLE OF CONSUMERS IN ECONOMIC LIFE | 3 |
CONSUMERS CHOICE | 20 |
FASHIONMADE WANTS | 129 |
Copyright | |
19 other sections not shown
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actually Administration advertising American amount annual Association basis become brands budget Bureau buyers carry cash cent choice claims clothing co-operation co-operative commodities compared competition concerning consumers containing cost custom demand Department desire developed Drug economic effective efforts expenses experience extent fact fashion Federal force grade human important income increase indicate individual industry influence installment interest investment labels less limited living manufacturers means merchandise methods movement nature operate organization persons possible practice present principle probably profit protection purchase question reason received requires result retail savings secure selling standards supply term tests tion trade United usually wants wealth welfare women York