On the face of it gross profit rates showed a steady decline over the 1960s and a dramatic fall between 1970 and 1975 from 23 per cent to 13 percent; if capital consumption is taken into account the fall was from 17 to 4 per cent.
at first glance gross profit rates showed a steady decline over the 1960s and a dramatic fall between 1970 and 1975 from 23 per cent to 13 percent; if capital consumption is taken into account the fall was from 17 to 4 per cent.