ABSTRACT

This chapter talks about resources devoted to various forms of economic organisation within the several occupations or industries. The indirect and ultimate services, which either will render, have, as a general rule, little or no weight in the balance. These indirect services constitute the difference between the social net product and the private net product of a unit of resources invested in any form of economic organisation. The chapter distinguishes the principal fields in which they play an important part. One very important indirect service is rendered by the general economic organisation of a country in so far as, in addition to fulfilling its function as an instrument of production, it also acts, in greater or less degree, as a training ground of business capacities. In his address to the Royal Economic Society in 1908, Marshall called attention to the educative possibilities of small businesses, illustrating his thesis from the present organisation of the milk trade.