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Economics: Lesson 9 (Classic Reprint)

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Lesson 9 (Classic Reprint)

By Sedley Anthony Cudmore

Elsewhere $24.86 $18.44   Save $6.42 (26%)
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Format: Paperback, 26 pages
Other Information: black & white illustrations
Published In: United States, 27 November 2016
Excerpt from Economics: Lesson 9 In business, a creditor does not usually extend credit Unless he is satisfied of a debtor's ability 'to pay, or unless he has some. Security other than the latter's mere word. A bank when making a loan usually insists that the loan shall be used for what we call reproductive purposes. As the celebrated French economist, Leroy Beaulieu, says: Credit should not be a simple anticipation upon future and nu certain wealth; it should have forits basis a thing real and actual - goods which are finished and which have not been sold; goods which, having been sold, have not yet been paid for; goods even, which are in process of manufacture, and of which all the elements have been gotten together; an enterprise which is not terminated, but which is alread;, r in a certain degree of advancement. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
EAN: 9781334424175
ISBN: 1334424179
Publisher: Forgotten Books
Dimensions: 22.86 x 15.24 x 0.13 centimetres (0.05 kg)
Age Range: 15+ years
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