[Problems of Poverty by John A. Hobson]@TWC D-Link book
Problems of Poverty

CHAPTER I
20/50

The poor, partly of necessity, partly by habit, make their purchases in minute quantities.

A single family has been known to make seventy-two distinct purchases of tea within seven weeks, and the average purchases of a number of poor families for the same period amounted to twenty-seven.

Their groceries are bought largely by the ounce, their meat or fish by the half- penn'orth, their coal by the cwt., or even by the lb.

Undoubtedly they pay for these morsels a price which, if duly multiplied, represents a much higher sum than their wealthier neighbours pay for a much better article.

But the small shopkeeper has a high rent to pay; he has a large number of competitors, so that the total of his business is not great; the actual labour of dispensing many minute portions is large; he is often himself a poor man, and must make a large profit on a small turn- over in order to keep going; he is not infrequently kept waiting for his money, for the amount of credit small shopkeepers will give to regular customers is astonishing.


<<Back  Index  Next>>

D-Link book Top

TWC mobile books