CHAPTEE VII. 



OKGANISATION. 



Eveey business man knows full well that the success 

 of any manufacturing enterprise depends on economic 

 considerations as much as it does on technical skill. 

 The projector of a new industrial concern will, ac- 

 cordingly, arrange the scope and magnitude of his 

 enterprise in accordance with general business prin- 

 ciples and with the peculiar economic facts of the 

 case. The supply of raw material must be adequate 

 and the market secure ; the industry must be of 

 sufficient size to bear the cost of efficient management, 

 the engines large enough to supply the requisite 

 power ; the machinery efficient, the buildings properly 

 designed, and the working capital adequate ; by- 

 products must be fully utilised, and there must be 

 no avoidable waste of material or time. When the 

 factory has been suitably located, designed, equipped 

 and financed, the primary requirements for success 

 will have been secured, and the outcome will then 

 depend on capable management and technical skill. 



In peasant agriculture it is, from the nature of the 

 case, impossible that the same precision of organisation 



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