Examlex
A sole proprietorship is a business owned by one or more persons.
Antitrust Laws
Legislation intended to promote competition among businesses and prevent monopolistic practices.
Economic Efficiency
A condition where resources are allocated in a way that maximizes the production of goods and services.
Political Power
The authority or influence that individuals or groups hold within a political structure.
Sherman Act
An antitrust federal statute passed in 1890 which prohibits certain business activities that reduce competition in the marketplace, including monopolies.
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