000			01530cam a2200265 4500
008			730413s1972 at a bs 001 0 eng
020			_a0708108148
040			_aDLC _cDLC
050	0	0	_aHC605 _b.W46
082	0	0	_a330.9'94'05 _bWAT
100	1		_aWaterman, Anthony Michael C.
245	1	0	_aEconomic fluctuations in Australia, 1948 to 1964 /
260			_aCanberra : _bAustralian National University Press, _cc1972.
300			_axvi, 227 p. :ill,
500			_aIncludes index.
504			_aIncludes bibliographical references: p. 214-219.
520			_aMarket failure at medium intervals is inevitable in a capitalist economy. Such failures may not be seriously seen in the short run because market adjusts demand through hoarding of inventory or import of required goods and services. The market also adjusts demand in the long run through expansion of concerned industrial output and also by the entry of new firms. The crucial variable is price which also adjusts the commodity and the labor market. The problem comes when there are issues of overproduction, over capacity utilization of plants, over liquidation and excess supply of money, change in demand because of change in tastes and habits of consumers, households and the public. All these create knife edge disturbances in the economy.
590			_aaia 10/05/2018
591			_aLoans
650		0	_aBusiness cycles.
651		0	_a Australia — Economic conditions — 1945.
651		0	_aAustralia.
942			_2ddc _cBOOK
949			_a330.9'94'05 WAT
999			_c8461 _d8461