Robert T. Averitt Quotes

4 Sourced Quotes

Given a choice between efficiency and employment, most economists favor efficiency.

Robert T. Averitt

Center firms differ from periphery firms in terms of economic size, organizational structure, industrial location, factor endowment, time perspective, and market concentration.

Robert T. Averitt

The new economy [or "center economy"] is composed of firms large in size and influence. Its organizations are corporate and bureaucratic; its production processes are vertically integrated through ownership and control of critical raw material suppliers and product distributors; its activities are diversified into many industries, regions, and nations... Firms in the large economy serve national and international markets, using technologically progressive systems of production and distribution…

Robert T. Averitt

The other economy [or "periphery economy"] is populated by relatively small firms. These enterprises are the ones usually dominated by a single individual or family. The firm's sales are realized in restricted markets. Profits and retained... Techniques of production and marketing are rarely as up to date as those in the center.

Robert T. Averitt