Adam Smith

question 128

Multiple Choice

Adam Smith

• A)argued that capitalism is often confused with democracy.
• B)wrote Das Kapital.
• C)said that the entrepreneur is motivated by self-interest.
• D)coined the phrase: "From each according to his ability,to each according to his needs."

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Definitions:

Horizontal Acquisition

The process of a company acquiring another company in the same industry to increase its market share.

Hostile Takeover

An acquisition attempt by a company or individual against the wishes of the target company's management and board of directors.

Amalgamation

The merger or consolidation of two or more companies into a new entity, combining their assets, liabilities, and operations.

Consolidation

A merger in which a new firm is created and both the acquired and acquiring firm cease to exist.