Practical Economics (Classic Reprint)

Henry P. Shearman

ISBN 10: 1330015975 ISBN 13: 9781330015971

Published by Forgotten Books, 2022

Language: English

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Condition: New Soft cover

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About this Item

Print on Demand. This book examines the fundamental factors essential in the production of wealth and the influence of each factor, including land, labor, capital, and organization. Written during a time of rapid business growth and societal change, the author posits that economics should be studied from the point of view of society as a whole to best serve the interests of the nation. The author analyzes the role of each factor in the production of wealth, looking at the interplay between human activity and the resources available from the environment and how this has changed over time. The book also delves into the concept of economics as an inexact science, while still emphasizing its value in understanding both societal change and individual economic advancement. Ultimately, the book highlights the importance of a thorough understanding of these principles for both business leaders and the general public, emphasizing that such knowledge is essential for personal economic advancement and the prosperity of the nation. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book.

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Bibliographic Details

Title

Practical Economics (Classic Reprint)

Publisher

Forgotten Books

Publication Date

2022

Language

English

ISBN 10

1330015975

ISBN 13

9781330015971

Binding

Paperback

Condition

New

Book Type

print-on-demand item

Seller catalogs

Economics

About this title

Synopsis

How prices really move: a show of hands between buyers and sellers, guided by cost and value.

This book explains how demand, supply, and the cost of production shape market prices. It uses clear examples—like the response of manufacturers and retailers after a market downturn—to show why prices fall or stay high. It also compares two long-standing ideas about value and why both cost and utility matter in pricing decisions.

Learn how demand and supply interact to set prices in different time frames
See how buyers influence price when supply is fixed or limited
Explore real-world examples of price cuts and strategic moves by firms
Understand why cost, not just what people want, helps determine value

Ideal for readers of practical economics, business students, and anyone seeking a clearer picture of how markets work in everyday life.

"About this title" may belong to another edition of this title.

Store Description

Forgotten Books? Classic Reprint Series utilizes the latest technology to regenerate facsimiles of historically important writings. Careful attention has been made to accurately preserve the original format of each page whilst digitally enhancing the quality of the aged text.

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