Abstract
Economic theorists attempt to make the term ‘market’ one of precision, pertaining to a single commodity and to a community of buyers and sellers who are so intimately associated with one another that a single price emerges from their bargaining. Even small countries are large enough to contain, for most commodities, more than one market thus defined. Presumably we are not concerned here with the variety of market magnitudes to be found within a single country and the influence of this variety upon industrial organization. Our interest is in differences from country to country in the size of business enterprises and the vigour of competition. Accordingly, I shall discuss the effect upon these, not of the size of the market, but of the size of the national economy.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Notes
Federal Trade Commission, Industrial Concentration and Product Diversification in the Thousand Largest Manufacturing Companies, U.S. Government Printing Office, 1957.
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Copyright information
© 1960 International Economic Association
About this chapter
Cite this chapter
Edwards, C.D. (1960). Size of Markets, Scale of Firms, and the Character of Competition. In: Robinson, E.A.G. (eds) Economic Consequences of the Size of Nations. International Economic Association Conference Volumes. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-15210-0_7
Download citation
DOI: https://doi.org/10.1007/978-1-349-15210-0_7
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-15212-4
Online ISBN: 978-1-349-15210-0
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)