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What Are Conglomerates and Multinational Corporations? Give Some Specific Examples

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Essay

What are conglomerates and multinational corporations? Give some specific examples.How do they change the ways in which business are transacted?


Definitions:

Brings Together

Describes the act of gathering or assembling people, items, or ideas in one location or conceptual framework.

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of the good that suppliers are willing to produce and sell, holding other factors constant.

Demand

The desire for a particular good or service combined with the ability and willingness to pay for it.

Emergent Property

A characteristic or phenomenon that arises from the interaction and organization of individual components in a system, not predictable from the properties of the individual parts.

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