By Reese K
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Extra info for 7 secrets to earning 100 grand from home
Some further discussion of the zaibatsu is in order. In some of the revisionist history, zaibatsu are sometimes linked to the samurai entrepreneurship episode. The reality is that the founding zaibatsu families cut across social classes – from rich peasant to commercial class to samurai. The important common factor, much like their counterparts in the American trusts, is the massive scale of economic activity typically associated with the zaibatsu. The fact that similar forms seem to emerge in a variety of countries at similar stages of economic development suggests that there may be some economies of scale and scope of these types of organizations in particular historic episodes.
Just as there were strong incentives to save, and alternatives to saving were limited during the period, the market for assets was quite narrow. Markets for government and private bonds were highly prescribed, typically limited to the ﬁnancial sector, with most private High Degree of Intermediation, 1954–75 33 ﬁnancing through bank loans. Loans accounted for 60 per cent of the total ﬁnance to the business sector during the period, followed by trade credit at 25 per cent, equity 8 per cent and corporate bonds 6 per cent during the period on average.
Speciﬁcally, with a relatively well-developed agricultural infrastructure and signiﬁcant supply-side incentives in agriculture, agricultural productivity grew rapidly. This had the effect of rendering much of the agricultural population redundant, creating the preconditions for a traditional labour surplus economy. Effectively, crude manufacturing industries were able to pay below subsistence wages as all available family members were contracted out to the manufacturing sector while the household head would concentrate efforts in agriculture.
7 secrets to earning 100 grand from home by Reese K