Show One set of business tell tellus tellus I Ius us that the trouble with the world IS that we vve have been on a bIg spending spree and are arc just sobering sober sobering mg ing up That when hen we get down to normal way of living things wIll wIllbe willbe willbe be all right again agam Then there JS is another set of prophets who tell teU tellus tellus us that the trouble with the tImes IS that people are not spending as that the wiy y to make good tImes come quickly is to spend liberally Which set of business diagnosticians is one to believe There is this to be said for competition com com- competition competItIOn petition It purges a business of oC Its unsound faults its uneconomIC features If the equipment is ob obsolete obsolete solete the firm with better equip eqUIp- eqUIpment equipment equipment ment will III produce at less and sell for less and get the business If the quality of the product is not up to that produced by others the firm cm n not hold the busIness If the management is taking too large profits or too much is beIng paId out for labor and productIon the business s can not survive Com Com- CompetItIon Com Com- Competition Competition petition more economical production iron will III cut m in on the business un until tit it is forced to give e up The law of the business world like the law of the natural a world orld orld is both m in and inexorable |