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You are interested in buying a laptop computer. Your list of considerations include the computer's speed in processing data, its weight, screen size and price. You consider a number of different models, and narrow your list based on its speed and monitor screen size, then finally select a model to buy based on its weight and price. In this decision, speed and monitor screen size are examples of:
Laissez-Faire
An economic philosophy of free-market capitalism that opposes government intervention in business affairs, advocating for a "let do" or "let people do as they please" approach.
Consideration
Something of value given by both parties to a contract that induces them to enter into the agreement to exchange mutual performances.
Exclusive Dealing Contract
An agreement where one party agrees to buy goods exclusively from another party, thereby preventing the seller from selling to others.
UCC
Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States, making business operations more uniform across states.
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