What Is an Industry's Value Chain

question 63

Essay

What is an industry's value chain?

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Definitions:

Constitution

The fundamental principles or established precedents according to which a state or other organization is governed.

Economic Freedom

The fundamental right of every human to control his or her own labor and property, including the freedom to trade and to partake in markets.

Capitalism

An economic system characterized by private or corporate ownership of capital goods, investments determined by private decision, and prices, production, and the distribution of goods determined primarily by competition in a free market.

Core Values

Fundamental beliefs or guiding principles that dictate behavior and can help people understand the difference between right and wrong.