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" "There is no need to deny that other 'objectives' are often important—power, prestige, public approval, or the mere love of the game— it need only be recognized that the attainment of these ends more often than not is associated directly with the ability to make profits.
Edith Elura Tilton Penrose (November 15, 1914 – October 11, 1996) was an American-born British economist, whose best known work is The Theory of the Growth of the Firm (1959), which describes the ways which firms grow and how fast they do.
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