ABSTRACT

§ 1. Businesses are units of production, extractive, manufacturing, transport, trading, financial, professional, artistic, recreative, domestic.—§ 2. Businesses differ in (a) size, (b) relative importance of their factors, (c) ownership and control.—$ 3. Capital comprises buildings, machines and tools, fittings, fuel or power, materials, stock, money, some of which are ‘fixed,’ others ‘circulating.’ Land, labour, and management are treated as separate factors.