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Manufacture and, hence, exchange is reduced. From the point of view of the final
The result is not present a special difference where pushes the prices the state control
-- Upwards or downwards; both that and another will lead to reduction of volumes of trade and
Benefits from manufacture and an exchange.
The exchange is effective, it helps a society to use cash more favourably
Resources. Political measures which compel dealers to overcome
Various obstacles, are, as a rule, antiproductive -
Even then, when they are dictated by interests of protection national
The industries. If the country wishes to realise completely the potential,
It is necessary to reduce the restrictions constraining trade and to a minimum
Increasing costs of business dealing. Ability to render services,
Which others would wish to receive, - here the powerful proof of that
COMPETITION: competition forces to use with the maximum benefit
Resources also is a constant source of progressive innovations
The competition conducts to constant growth of a production efficiency. It
Forces, manufacturers to avoid losses and to reduce costs, that
To sell the goods on lower, than at others, to the prices, It supersedes with
The market of what costs are high, leaving on him only
Manufacturers with low costs. Investigation on Concentration of Economic Power, Competition and
Monopoly in American Industry, Monograph no. 21, 1940), Clair Wilcox, Temporary National
Economic Committee, D.C.: U.S. Government Printing Office, 3rd Session (Washington, 76th
The competition operates when there is a possibility to choose among
Sellers and when there is freedom of occurrence of new sellers in the market. In
Competition large and small firms can participate. Firms-competitors
Can compete on local, regional, national or even the world
The markets. The competition also is important for market economy, as blood for
The competition puts pressure upon manufacturers, inducing those is effective
To run business and to consider inquiries of consumers. It eliminates those participants,
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