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  • H. Robinson
Chapter
Part of the Focal Problems in Geography book series

Abstract

Almost all production is a matter of economics for costs are involved. Commodities, whether they be foodstuffs, industrial raw materials or manufactured goods, have a market price. The price may vary for a variety of reasons but, generally speaking, the more abundant a commodity is the cheaper is its price; indeed, a super-abundance of a commodity, under the world’s present day marketing mechanism, may render that commodity virtually valueless and one may recall, within recent memory, cases of butter mountains, apple crops being wasted and of fish being thrown back into the sea. On the contrary, scarcities of commodities cause rises in price and people are familiar with black markets and the high prices associated with them. Scarcity involves price increases, although it must be acknowledged that scarcities are sometimes manipulated or managed in order to secure higher prices.

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Copyright information

© Harry Robinson 1981

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  • H. Robinson

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