Economics for Consumers |
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Page 49
To the extent that producers do guide production the single test which they apply is that of profit . To the extent that consumers fail in their function of expressing their choices in the market place , producers are governed by the ...
To the extent that producers do guide production the single test which they apply is that of profit . To the extent that consumers fail in their function of expressing their choices in the market place , producers are governed by the ...
Page 50
deliberately restricting the output of factories , farms , and mines is to be explained only by the fact that in so doing they receive or expect to receive greater profits than by increasing the volume of goods offered for sale .
deliberately restricting the output of factories , farms , and mines is to be explained only by the fact that in so doing they receive or expect to receive greater profits than by increasing the volume of goods offered for sale .
Page 389
Under capitalism the motivating force is the desire to acquire profit . The presumption is that the greater one's profit , the greater is his ability to satisfy his economic wants . The co - operative movement , starting as it ...
Under capitalism the motivating force is the desire to acquire profit . The presumption is that the greater one's profit , the greater is his ability to satisfy his economic wants . The co - operative movement , starting as it ...
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Contents
THE ROLE OF CONSUMERS IN ECONOMIC LIFE | 3 |
CONSUMERS CHOICE | 20 |
FASHIONMADE WANTS | 129 |
Copyright | |
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Common terms and phrases
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