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When Using Primary Sources in Historical-Comparative Research, the Quality of the Source

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Essay

When using primary sources in historical-comparative research, the quality of the source is always in question. What is the difference between internal and external criticism? What is the purpose of each?


Definitions:

Profit-Maximizing

The strategy or procedure for altering sales and production to attain the greatest possible earnings.

Market Price

The amount of money for which a good or service is offered, sold, or bought in the market.

Perfectly Competitive

A market structure characterized by many sellers and buyers, homogeneous products, and free entry and exit, leading to price takers.

Marginal Revenue

The additional income received for selling one more unit of a good or service.

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