Examlex
What information system enables companies to have the right material in the right amounts available at the right time?
Antitrust Policy
The use of the antitrust laws to promote competition and economic efficiency.
Social Regulation
Laws and regulations aimed at improving health, safety, and well-being in society, often implemented to correct market failures affecting the public interest.
Marginal Benefit
The additional satisfaction or value a consumer gains from consuming one more unit of a good or service.
Marginal Cost
The increase in cost that arises from an additional unit of production.
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