Chapter

Growing Firms in a Growing Economy: The Process of Industrial Concentration and The Pattern of Dominance

Edith Penrose

in The Theory of the Growth of the Firm

Third edition

Published in print September 1995 | ISBN: 9780198289777
Published online November 2003 | e-ISBN: 9780191596759 | DOI: http://dx.doi.org/10.1093/0198289774.003.0011
 Growing Firms in a Growing Economy: The Process of Industrial Concentration and The Pattern of Dominance

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This chapter examines the relationship between the growth of firms of different sizes and the process of industrial concentration. It discusses restrictions on the ability of small firms to take advantage of the opportunities for profitable investment left open by larger firms. It presents a number of conclusions for the place of large and growing firms in the modern world.

Keywords: firms; growth; expansion; economy; industrial concentration

Chapter.  17271 words. 

Subjects: Microeconomics

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