But in wholesale and retail distribution, though somewhat slower, the tendency is the same.

Even in agriculture, where close personal care and the limitations of a local market temper the larger tendency, the recent annals of Western America and Australia supply startling evidence of the concentrative force of machinery.

The meaning of this movement in capital must not be mistaken.

It is not merely that among competing businesses, the larger showing themselves the stronger survive, and the smaller, out-competed disappear.

This of course often happens.