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Excerpt from Industrial CombinationIndustrial combination may be defined as a method of economic organization by which a common control, of greater or less completeness, is exercised over a number of firms which either have operated hitherto, or could operate, independently. This control may be either temporary or permanent, for all or only for some purposes. The motive and, while it lasts, the effect of combination is to create over market conditions an inﬂuence for greater, more conscious, and more centralized regulation; and this influence varies with the proportion of operating capacity over which control is Obtained.The broadness of this definition is rendered necessary by the variety of structures which claim the title of industrial combination - a variety due to intensity of organization, to extent of time, to sphere of inﬂuence, to circumstances of original formation.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis 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.
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