Johnston, Joseph. 'Some causes and consequences of distributive waste'. - Dublin: Journal of the Statistical and Social Inquiry Society of Ireland,Vol. XIV No. 4, 1925-1927, pp353-383
Series/Report no.:
Journal of The Statistical and Social Inquiry Society of Ireland Vol. XIV No. 4 1925-1927
Abstract:
The distinction between Effective Demand and Ineffective
Demand is one of the commonplaces of Economics. An analogous
distinction between Effective Supply and Ineffective
Supply ought to be recognised. Ineffective Supply may be defined
as that portion of a total supply which for one reason or
other fails to be marketed at one or other of the various stages
of distribution. The importance of this conception is very great
with regard to the perishable and semi-perishable products of
agriculture, and even with regard to such durable commodities
as wheat, the "orderly marketing" of which involves an operation
of credit, not always available so far as the farmer is
concerned.
Description:
Read before the Society on Thursday, 10th March, 1927
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