Examlex
Anyone 16 years of age or older who is not classified as employed is classified as unemployed.
Merge
The combination of two or more entities (such as companies) into a single entity, often with the goal of enhancing competitive advantage or expanding market reach.
Vertically Integrated
A company's consolidation of all or part of the production process and supply chain within itself, controlling different stages of production usually to increase the company's power in the marketplace.
Competitive Market
A market structure where numerous producers compete to sell their goods or services to many buyers, leading to efficient pricing and innovation.
Market Price
The present cost at which a product or service is available for purchase or sale in the marketplace.
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