Economics: Lesson 9 (Classic Reprint) - Softcover

Inhaltsangabe

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 for-its 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 oven, 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 www.forgottenbooks.com

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.

Die Inhaltsangabe kann sich auf eine andere Ausgabe dieses Titels beziehen.