A business which controls all of the market for a product.
Oligopoly
Duopoly
Monopoly
Monopsony
Profit
Capital
Land
Capital gains
When a firm merges with or takes over a firm in a completely different industry, it is called:
Vertical integration
Horizontal integration
Conglomerate integration
Amalgamation
The government or the state plans and controls the use of resources in a:
Free market economy
Command economy
Mixed economy
Capitalist economy
Which of the following is also called integration?
Internal growth
External growth
Factors of production
Liberalisation
Command economy is also known as:
Planned economy
Socialist economy
Which of the following methods of production may be used by a company employing many workers?
Capital intensive
Labour intensive
Capital employed
Labour employed
When the owners of two businesses agree to join their firms together to make one business, it is termed:
Merger
Take over
Synergy
Contracting
Which of the following has no government control over factors of production?
Which sector of industry provides services to consumers and the other sectors of industry?
Primary
Secondary
Tertiary
Quaternary