Stagflation, the Penalty of Speculative Production in a Multistage Economy |
Contents
Chapter | 1 |
Mainstream of Economic Theory Today | 21 |
Premises for the Next Step Forward | 27 |
Copyright | |
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acceleration principle advance-order service applied business cycles buyer clients commodities consumer demand cross-market delivery discounts distribution to order dollarwise economic value efficient entrepreneur entropy equations excessive competitive pressure explain extreme markets firms free operation function horizontal pressures incentive Industrial Revolution inefficiency instant and accurate inventories Keynesian lative levels macroeconomic manufacturers market uncertainty measures ment modern industrial economy multistage economy nomic nonspeculative economy number of stages open-price ordering policy output percent price fluctuations price lists price mechanism price movement pricing policy problem production and distribution production to order profit margins profit-margin distortions profit-motive theory proportion of merchandise purchase order raw-material producers reduce reordering replacement-pricing policy retail prices revised sales resistance Say's Law selling prices speculative production speed stagflation stagnation and instability successive stages sumer suppliers supply and demand supply-and-demand equality supply-and-demand relationship synchronized synchronized-pricing policy tion transactions transmission of price unemployment and business units vertical integration vertical specialization volume waste