The Environment

F. V. Meyer, D. C. Corner and J. E. S. Parker

Chapter 2 in Problems of a Mature Economy, 1970, pp 7-16 from Palgrave Macmillan

Abstract: Abstract Firms are the constituent producing elements of the economy. They can be of all sizes, ranging from one-man businesses to giant corporations. They are managed by all manner of men, with motives of operation ranging from ambition to expand their activities to contentment with their present lot. Some succeed in making the best of their opportunities, others fail. The sum total of their achievements is the national output of commercial goods and services. Any inquiry into national economic performance must therefore include a consideration of the influences which make firms grow and improve their commercial performance.

Keywords: Average Cost; Price Competition; Perfect Competition; Technological Possibility; Good Profit (search for similar items in EconPapers)
Date: 1970
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DOI: 10.1007/978-1-349-15400-5_2

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