ABSTRACT
We have now examined in some detail the economic working of our modern society. We have seen how the greater portion of production is carried on for, and by, exchange. The entrepreneur buys raw material, labour, etc., and sells the finished article. The worker sells his labour ; the owner of property loans it. The money received for these various services is exchanged again for goods and services produced by others. In order that such a system can exist it is necessary that people should be allowed both to sell their goods and services and to buy the goods and services of others. It is also necessary that the Government and the laws should safeguard the income which obtained by work, or through the owner ship of property, and uphold and protect the property which the individual has obtained by saving.
