The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd


  • Louis J. Maccini
Reference work entry


Inventories consist of stocks of finished goods, goods-in-process, and raw materials and supplies held by business firms. Interest in inventories among economists stems primarily from the observation that inventory fluctuations are an important feature of business cycles.

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Louis J. Maccini
    • 1
  1. 1.