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The main difference between a subsidiary and an associate company is the:
Social Regulation
Policies designed to protect Public welfare, including health, safety, and the environment.
Price-Fixing
An illegal agreement among competitors to fix prices, set output levels, or divide markets, aimed at increasing profits by reducing competition.
Product Design
The process of creating a new product to be sold by a business to its customers, encompassing concept, development, and manufacturing stages.
Regulation
Rules or directives made and maintained by an authority to regulate behavior, usually in the form of laws or regulations.
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