All Modern Economies Depend on

question 126

Multiple Choice

All modern economies depend on

• A)the exploitation of workers
• B)government ownership of the means of production
• C)free-enterprise
• D)specialization

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Definitions:

Marketing Chain

The series of processes and activities involved in moving a product from producer to consumer, including distribution and selling.

Vertical Merger

A merger between companies in the same industry but at different stages of the production process, such as a manufacturer merging with a supplier.

Horizontal Merger

A business consolidation that occurs between firms operating in the same industry.

Conglomerate Merger

A merger between companies operating in different industries, aimed at diversification or expansion of a corporate portfolio.