SECONDARY RESULTS 103 



in the use of the primary factors in production may be 

 judged by any one of the four standards. But the fallacy 

 of any single standard when a general view is required will 

 be seen quite clearly if the Table is studied. Thus, judged 

 by the standard per man, Farm E gives the best results, 

 whilst by that of the yield per unit of farmer's or land- 

 owner's capital it gives the worst. Nor is it clear from this 

 Table which farm gives the best results throughout. At 

 the same time it is true that if on any occasion, or at any 

 place, one of the factors were exceedingly scarce and valu- 

 able, and great economy in use had to be considered, such 

 a Table would prove to be a useful guide to the right 

 organization of farm production in that it would indicate 

 the results that might be expected from combinations of 

 the factors of production in various quantities. It is realized, 

 of course, that a much larger number of records would be 

 required before definite conclusions could be obtained, but 

 the present purpose is to indicate methods only. 



However, as there may be at any time considerable 

 difference in opinion as to which factor should be used most 

 economically, and as no factor can be entirely eliminated, it 

 is necessary to find some method of combining all the 

 factors and of judging by a single standard. This can be 

 obtained by stating the quantity of each factor used in the 

 production of a given amount of net output on any number 

 of farms or of farming systems. For this purpose the mere 

 unit of land must not be used, and the land and its per- 

 manent equipment must be quoted in terms of its capital 

 value. 



TABLE XXX 



