The American Economic System |
Contents
The Nature of the Economic System | 2 |
The Structure and Growth of the American Economy | 23 |
PART TWO The Static System Some Governing Principles | 47 |
Copyright | |
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American industry amount annual assets assumed average billion dollars business activity business cycle cash cent Chap commodities component cycles consumers consumption corporations decline decrease demand schedule deposits depression distribution earnings economic system economists effect equal equilibrium output factors factors of production farm Federal Reserve Banks figures fixed costs forecasting funds for investment gold gross national product horsepower important income period individual inventory investment expenditures investment funds labor force loans long depression major manufacturing marginal cost market price market value mechanical power member banks ment money savings money supply monopolistic competition monopoly national income operations perfect competition price level production per man-hour profits progress purchasing power ratio reduced relationship revenue Second World War spending statistics supply and demand Table theory tion total income unit labor cost variable costs wage rates wage scale wages and salaries workers