In tracing the various motivating forces underlying expansion, the first possibility to be considered is that of organisation and planning leading to the economies of large-scale enterprise. Other possibilities followed up are mergers, for the purpose of establishing greater control over the sources of raw materials and markets, or for gaining the advantages of diversification, or simply to eliminate competition. The evolution of the industrial leviathans is then considered. The chapter concludes with a brief comment on the desirability of a favourable economic environment.
KeywordsCapital Market Small Firm Large Firm Business Finance Technical Economy
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