Economics

Planned obsolescence is a business strategy in which the obsolescence of a product is planned and built into it from its conception, by the manufacturer.…

Asymmetric competition refers to forms of business competition where firms are considered competitors in some markets or contexts but not in others. It is a…

Multimarket contact occurs when firms compete with the same rivals in multiple markets. When firms compete with each other in more than one market, their…

Many agreements that are created are perceived to be unfair to one party. Inequality of bargaining power in law, economics, and social sciences refers to…

Asymmetric competition is an unequal division of resources amongst competing plants. Size-asymmetric competition refers to situations in which larger individuals exploit disproportionately greater amounts of…

Aggregate Supply is the total supply of goods and services produced within an economy at a given overall price in a given period. In economics,…

Agricultural policy is concerned with the relations between agriculture, economics, and society. It describes a set of laws relating to domestic agriculture and imports of…

The Common Agricultural Policy (CAP) is the agricultural policy of the European Union. Agriculture has been one of the flagship areas of European collaboration since…

The Corn Laws were tariffs and other trade restrictions on imported food and grain (“corn”) enforced in the United Kingdom between 1815 and 1846. The…

Trade barriers are government-induced restrictions on international trade. They are imposed by the government by placing rules and regulations, tariffs, import quotas, and embargos. They…

A customs union is generally defined as a type of trade bloc which is composed of a free trade area with a common external tariff.…

Land reform involves the changing of laws, regulations, or customs regarding land ownership. It may consist of a government-initiated or government-backed property redistribution, generally of…