Media

Define Institution

An organisation or establishment founded for a specific purpose e.g. for education, public service or culture.

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Define Subsidiary

A company whose controlling interest is owned by another company e.g. Sony Music is a subsidiary of Sony Entertainment.

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Define Conglomerate

An institution made up of a number of different companies that operate using a range of different mediums.

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Define Capitalism

An economic system in which the means of production of goods or services are privately owned and operated for profit.

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Define Trickle down Economics

A term used to describe the belief that if high income earners gain an increase in salary, then everyone in the economy will benefit.

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Define individual material gain

The accumulation of wealth, assets, celebrity or fame by one person i.e. being selfish

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Other cards in this set

A company whose controlling interest is owned by another company e.g. Sony Music is a subsidiary of Sony Entertainment.

Define Subsidiary

An institution made up of a number of different companies that operate using a range of different mediums.

An economic system in which the means of production of goods or services are privately owned and operated for profit.

A term used to describe the belief that if high income earners gain an increase in salary, then everyone in the economy will benefit.

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