POLS 1207 Lecture Notes - Lecture 3: Retained Earnings, Underconsumption, Capital Accumulation
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Result: system of accumulation produces more goofs with fewer. Hobson: capitalist societies save money and invest to produce more. Profits invested in better equipment lead to savings on the costs of. The rate of profit would tend to decline over time because the process (cid:1) (cid:1) and maximize profits (cid:1) production as entrepreneurs compete with rivals. Under cartels prices are higher than under competitive conditions- no (cid:1) sense to produce more of the same product or to produce at lower cost for home market since the market is controlled. Powerful cartels lobby their government to go against the principles of. The process of concentration: enlargement of an individual enterprise"s. The increase of capital in the hands of one capitalist or a group through. The result would be to drive the monopoly price down- what to do with. Markets must be found aboard, not in other cartelized countries- in. Critiques of marxist theories of imperialism (all kierman)
