Tag: competition

Kangaroos

DefinitionThe kangaroo is a marsupial from the family Macropodidae. In common use the term is used to describe the largest species from this family,...

Yo-Yo

DefinitionA yo-yo is a toy consisting of an axle connected to two disks, and a string looped around the axle. It has some similarities...

Natural Law

What is 'Natural Law' A set of rules inherent in human behavior and human reasoning that governs human conduct. Natural law is...

Oligopoly

DefinitionAn oligopoly is a market form wherein a market or industry is dominated by a small number of large sellers. Oligopolies can result from...
Oligopsony

Oligopsony

What is an oligopsony and what are the effects on sellers An oligopsony is a market structure in which there are only a few buyers....
Canadian Competition Act

Canadian Competition Act

The Competition Act is a federal law that governs competition and business practices in Canada. The act was last amended in 2009, and the...
Imperfect Competition

Imperfect Competition

What is imperfect competition and why does it exist Imperfect competition is a type of market structure where there are not enough buyers or sellers...

Patent Cliff

DefinitionThe term patent cliff refers to the phenomenon of patent expiration dates and an abrupt drop in sales that follows for a group of...

Vendor

DefinitionIn a supply chain, a vendor, or a seller, is an enterprise that contributes goods or services. Generally, a supply chain vendor manufactures inventory/stock...

Vendor Note

What is 'Vendor Note' A type of debt instrument used in a particular type of short-term loan agreement in which the seller...

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