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Expectation, enterprise and profit: The theory of the firm (Studies in economics)

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Production is a complex system of interdependent activities, necessary to the system as a whole, which itself depends on the continuance of each individual activity that composes it. In such a system, resources must be committed to specifi c technological purposes long in advance to the ultimate sale of goods to the consumer.

Author(s): G. L. S Shackle
Year: 1970

Language: English
Pages: 160