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Image sizes: 256x256, 128x128, 64x64, 48x48, 40x40, 32x32, 24x24, 20x20, 16x16 File formats: BMP, GIF, PNG, ICO ![]() ![]() ![]() ![]() Tags: e mail icon, icons yamapi, icons piczo com, year of the rat icon, ivista reflective icon packAcquaintances among financiers for production expansion it is necessary to meanSome clauses. First, if to imagine to itself branch which requires increase Capacities of the equipment and in reduction of quantity of firms it is clear that to the investment Will be very risky until firms-winners will be defined. Merge of firms can appear in the reasonable method to involve the capital for Buildings of larger factories, at that, that in the United States all and Occurred, does not testify yet to weakness of the American capital market. Secondly, there are two kinds of economy on production scales. In Britain from it The developed capital market it was easy to carry out integration in those cases, When benefit from expansion of scales of production was beforehand known. Such advantages especially often exist in branches (like The British textile industry or agriculture), where The majority of improvements in productions is result of efforts Machine engineers or someone else outside of branch. But in America propensity to consolidation of firms conditioned for economy on Scale long before occurrence of the quantity production, or Corresponding conditions arose thanks to a great demand, which, as It is known, there is a father of an ingenuity. Economic oil refining Rockefeller's installations have been established for satisfaction of requirements already Existing trust, and quantity production of cars has arisen almost Exclusively because Ford should execute too Numerous orders with which it was impossible to satisfy any with other In the method. Those who considers that the innovation arises in reply to already more often Existing requirements, will evaluate this second variant as as a whole more important. Quite clearly at that that in England there were too many small corporations, Which were unable create the effective market for the shares. And Leading financiers of London almost or at all were not interested in establishment Industrial corporations - to it attended small or provincial Financiers. [Kottrell (Industrial Finance, 1830 - 1914, pp. 149 - 152) marks The problems forming by that small share issues had no circulation: ![]()
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