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What is Economics?
The Economic Functions of Prices
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advertising American antitrust bank basic big businesses business cycle buyers capital Cellophane cent changes cigarettes competition consumer cost-plus pricing costs crease debt decisions demand diesel diesel locomotive dollars duction earnings economic economists effect employers employment engineers enterprise eral expenditures factors families Federal firms higher important income increase individual industry inflation interest rates investment John Maurice Clark labor less locomotive marginal ment million monetary monopolistic monopoly nomic oligopoly operations output penetration pricing persons Pont price leadership problem prod product differentiation production profits purchase relative relief rent result rise salaries savings sellers selling share Sherman Act social standard steam locomotive sumer supply taxes theory tion tive trade U.S. Steel unem union United wage women workers