Tbe Heveral phueH of iJiiB sequence of eialUKon ood deproBBion, (or ⅈ given business concern, may be suited bb follows : —
Let ea = eAmings ; pr = sale price of output ; exp = expenses of production of output ; mar = mArgin of gain on output = pr ~ sip ; mp = Inltlkl wBeOln uqilUlluticMi j y p = yui's purduie (ftt cnireU
' But when such a situation has come, all that is required to bring on the general catastrophe is that some considerable creditor find out that the present earning-capacity of his debtor will probably not