incli n c to think, the lar 0 e ccnc • me use ao t.jic, perhaps even 1 err, capital thr.n smaller liras. This' clearly m&«.es it i#.ucn simpler to demonstrate the co..tpetttive advantages of bi*, capital. Tee arguments of Ch:- pis: 111 , from i..n { of view, appear as !- n unnecess ry comp 1 iertior. I thin*., no,tfv\r, t.*ut they are sufficiently interesting, in tfte.li own ri*ht, as an analysis of the effect? or a its -intensive techniques on profitability• As to the rest, the r ;;c r ' ill have to „&i. c e ior hiaiseli hor- 1'rr the experience of the last ten years car: u reconci-.ee »'ith n‘y own picture. I believe he v i 1 fine. tae i or tunes of small business tc ha e been influenced b w tro Lroae tencencies *orkinp in opposite directions: j:i the -ne nano, t-*e competitive aCivan. ■; ,«s o. bi 0 business have continued to press on the "Iivin 0 space ** if the small firms, ei'en-.f.-iU- a. ri.raii.very The chief aevant s if ver v i; x-^e .cone-, rhe arc now ao ays pro baldly in thefielc of rese> rch, finance ane selling. Inc recent trend toreros automation may work in. the suae direction. Qn tne othei hand small irms hr ve fount' continuing arm even increasing space for existence chiefly for three re a: one: The, rise of certain net \ ■ . industries, mainly service industries, has offeree tncsr new rooi. • '\ , . . Further, the prote eti. rf ano preservation of business has been an ai n t otfi„ of the state, but also of private business interests in many countries, because, it +s thought to ensure the continued existence of a c-.isei vativc aiuu^e class. And finally, a tendency of bi 0 firms ( observed a\t atp rate in S i I tne United Bister ) to transfer the production\of accessories / \) \ to separate plants, often uneer ^ept.rt.te ov uejffciifip, oif er& another ner field for siuali t-.uc £;ealiu; iir&s. iffaiall t&sns,