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amp; rdquo; means that the producer can not influence the price of what it produces, which is facing a "perfect" and literally read in the newspapers what the market is willing to pay. This situation is typically found in the markets for agricultural or mineral products. Along with perfect competition generally results in a situation characterized by "diminishing returns" when production expands beyond a certain point, more units of the same input-capital and / or work-will No result in ever smaller quantities of product. In other words, using core and more tractors or more workers in the same potato fields, at a certain point each new farmer or each new tractor will produce less than the last. In the standard texts in economics assumes perfect competition and diminishing returns are the normal state.

when industrial production increases, costs are going in the opposite direction, decreasing rather than growing. Once established mechanized production, the higher the monthly production volumeor is the cost per unit produced. The first copy of a software product has a very high cost, but subsequent backups are very cheap. The industry and services are not immediately dependent on inputs provided by nature, whether fields, mines and fisheries limited in quantity or quality. Their costs decrease, or enjoy increasing returns to scale, with increasing production volume. For industrial companies and providers of advanced services is very important to have a large market share, because that is their greater volume also lower production costs (due to increasing returns). Generate increasing returns to market: they allow good influenceization of continental Europe and the United States until recent successes of South Korea and Taiwan. In recent decades, however, have increased operating services with rapid technological change and increasing returns, so the distinction between industry and services has blurred. While some industrial products manufactured on a large scale have assumed many of the attributes that used to characterize the products (but not diminishing returns.)

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Rich countries show widespread imperfect competition, increasing returns activities, and as I gradually understood, all of them have become rich in exactly the same way, through policy measures that deviated from the production of raw materials and activities with diminishing returns to the industry, where laws often operate opposite. I also discovered that the key terms appeared to have changed in meaning over time. Three hundred years ago the British economist John Cary (1649-1720) recommended the "free trade", but at the same time was so indeigned by the export of raw wool abroad Ely his contemporaries discussed the possible "death sentence" of traders engaged in this business. The "free trade" signified the absence of monopolies, not the absence of tariffs, and was the "worship industry" Cary which laid the foundations of European wealth.

I was becoming increasingly clear that the mechanisms of wealth and poverty had understood much MEJor living apart from the fact that he was a lawyer and wrote that book while suffering a penalty of imprisonment in Naples, his hometown. It tried to explain why Naples was still so poor despite its abundant natural resources, while Venice, built precariously on a swamp, was the very center of the global economy the time. The key, he argued, was that the Venetians, who could not cultivate the land as the Neapolitans were forced to establish industries to earn a living, taking advantage of increasing returns to scale industrial activities. According to Serrais to unite economic approaches and theories used observable facts, experiences and lessons learned from them as a starting point for theorizing about the economy.

Since the late fifteenth century only the type of economy of the Other Canon, with its insistence that there are economic activities com micas qualitatively different carriers of economic growth, has been out of poverty to one country after another. Once you reach the economic growth, pa