Essentials of Economics

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American Book Company, 1923 - 539 էջ

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Common terms and phrases

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Էջ 263 - Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta. Chicago, St. Louis, Minneapolis, Kansas City, Dallas and San Francisco.
Էջ 206 - This certifies that there have been deposited in the Treasury of The United States of America One Thousand Dollars in gold coin payable to the bearer on demand.
Էջ 450 - ... it is assumed that the amount of savings varies with rate of interest. More savings will be forthcoming at higher rates of interest and vice versa. It is granted that savings by individuals and households primarily depend upon the size of their income. But, given the level of income, savings vary with the rate of interest; the higher the rate of interest, the greater the volume of savings. Therefore, supply curve of savings slopes upward to the right. Like individuals, business concerns also...
Էջ 13 - ... for one day, for one week, for one month, for one year, and in general for one plant, in one industry, in one locality.
Էջ 101 - ... Moody Currier, George B. Chandler, David B. Varney, John B. Varick, Henry Chandler, John S. Kidder, Edson Hill, and Reed P. Silver, 'all of Manchester, in said district, six of them directors, one of them the cashier, and the other a former director, of said bank, alleging in substance that complainant was the owner of five shares of the capital stock of the bank; that in 1875, a firm styled Dunn, Harris & Co. was adjudicated bankrupt by the United States District Court for said District of New...
Էջ 306 - If we should put down in a list all the goods and services for which our people must pay foreigners during a certain year (or other period), and in another list all the goods and services for which foreigners must pay us during the same period, we should have what is called the balance of trade .... People often make a mistake by assuming that the balance of trade is simply the statement of a country's imports and exports.
Էջ 283 - ... trade associations and combinations having for their purpose the restriction of competition and the control of prices. Many of the organizations which have been brought to our notice have been created in the last few years, and by far the greater part of them appear to have come into existence since the end of the nineteenth century. * * * There has been a great increase in the creation of trade associations during the period since the war.
Էջ 179 - A grant made by the government to an inventor, conveying and securing to him the exclusive right to make and sell his invention for a term of years.
Էջ 421 - ... the conclusion that if protection is to be afforded to any domestic industry, because of the higher cost of production in this country, agriculture, the greatest of all industries, which is the very foundation of this great Nation's welfare and prosperity, is clearly entitled to protection equal to the difference between the cost of production at home and abroad.
Էջ 308 - ... a good place to sell in and a poor place to buy in, and thus the excess is drawn off.

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