Examlex
Social responsibility is management's obligation to make choices and take actions that will contribute to the welfare and interests of society as well as the organization.
Tying Agreements
Business practices where the sale of one product or service is conditioned on the purchase of another, potentially anticompetitive product or service.
Sherman Act
A landmark federal statute in the antitrust law of the United States, aimed at preserving fair competition by prohibiting monopolies and other practices that restrained trade.
Clayton Act
The Clayton Act is United States antitrust law enacted in 1914, aimed at promoting fair competition and preventing monopolies, anti-competitive mergers, and unethical business practices.
Chicago School
An economic perspective that emphasizes free markets, minimal governmental intervention, and the rationality of economic agents, primarily associated with the University of Chicago.
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