Examlex
How is a corporation like a person? How are they different? Why might one argue that a corporation is a moral agent?
Deregulation
The removal or reduction of government restrictions and regulations in an industry to encourage increased competition.
Reduced Prices
The offering of goods and services at lower rates than originally marked, often to clear inventory or boost sales.
Competition
The economic rivalry among businesses to attract customers, increase sales, and achieve a higher market share.
Natural Monopoly
A type of monopoly that occurs when a single firm can supply the entire market at a lower cost than any potential competitors, often due to high fixed costs.
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