Operations and regulation of the savings and loan industry are evaluated in terms of four subsystems: (1) market structure, in which the market environment and the policies of the individual firm are important determinants, but in which, the regulatory authorities have licensing power with...

Most commodities move from points of production through successive stages of processing or manufacture and further stages of intermediate distribution before reaching points of final purchase. The final value of a commodity, in fact, is often analyzed by observing the amounts of labor and...