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One of the most common errors in the social sciences is
Economic Infrastructure
The physical and organizational structures necessary for the operation of a society or enterprise, such as transportation, communication networks, and financial systems.
Joint Venture
A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task.
Licensing
The legal process by which a licensor grants the licensee the rights to use, produce, or sell its intellectual property in return for payment or royalties.
Direct Investment
The practice of purchasing a controlling interest in a foreign business or starting a new enterprise in a foreign country as a means of entering a market.
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