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More cards in this set
Card 16
Front
The making/putting together/manufacturing/constructing sector
Back
Card 17
Front
The service and retailing sector
Back
Card 18
Front
A minimum price is set above the equilibrium and the price is not allowed to go below it
Back
Card 19
Front
Agreed coming together of two firms
Back
Card 20
Front
When one firm seeks to take control of another, an either be friendly or hostile
Back
Card 21
Front
This occurs when two firms come together through a merger or takeover
Back
Card 22
Front
Whena one frim grows in size (increasing output) and so benefits from lower average costs
Back
Card 23
Front
When a whole industry grows in size , so firms within that industry benefit form lower average costs
Back
Card 24
Front
An individual payment, usually for a weeks work. It tends to be given as an amount per hour
Back
Card 25
Front
An individual payemtn ususally for a months work. It tends to be given as an amount per year, divided into twelve individual payments
Back
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