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Discuss the meaning of quality of goods and services from both the producer's and consumer's perspectives.
Virtual Monopolies
Situations where a single company or entity dominates an entire market or industry, even though technically there may be minor competitors.
Essential Resource
A fundamental input required for the production of goods and services, often characterized by its scarcity and necessity.
International Nickel Company
A multinational corporation that was historically involved in nickel mining and smelting; now part of Vale S.A.
DeBeers Diamond Company
A large multinational corporation that specializes in diamond exploration, diamond mining, diamond retail, diamond trading and industrial diamond manufacturing sectors.
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