First Principles of Production: A Study of the First Principles of Production and the Relation of Science to Industry (Classic Reprint) - Hardcover

Peddie, John Taylor

9780332018171: First Principles of Production: A Study of the First Principles of Production and the Relation of Science to Industry (Classic Reprint)

Hardcover

ISBN 10: 0332018172 ISBN 13: 9780332018171

Publisher: Forgotten Books, 2018

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Excerpt from First Principles of Production: A Study of the First Principles of Production and the Relation of Science to Industry

The reduction of Credit Values and Wages in Germany, which will take place in that country when she begins Industrial operations again, means that her costs Of production will be on a much lower level than those which prevailed prior to the declara tion of War. Germany and Austria will have to live and pay their debts, and it follows, therefore, that competition for International Trade at the conclu sion of the War will be keen and strenuous.

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