ABSTRACT
THE economic implications of modern warfare favour quasimonopolist organisations both in industry and in the wholesale and retail trade. Two distinct tendencies have led to this development. In this war as in the last, Great Britain and other belligerents, and even neutrals too, have inexorably been forced to adopt the economics of a beleaguered city. Shortage of supplies and pressure upon man-power resources inevitably force the nation to the greatest possible rationalisation of home production and to the greatest possible economy in consumption. This immediately favours large plants and big producing units. It is to these that the Government looks in the first instance for supplies. Their position in industry becomes enhanced. New industries may spring up; their technical equipment and scale of output will from the beginning favour the large unit.
