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

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

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

DefinitionAn oligopsony is a market form in which the number of buyers is small while the number of sellers in theory could be large....

Canadian Competition Act

Canadian Competition Act What is 'Canadian Competition Act' A federal law that governs business practices in Canada. The Canadian Competition Act includes...

Imperfect Competition

DefinitionIn economic theory, imperfect competition is a type of market structure showing some but not all features of competitive markets. Imperfect Competition What...

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

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

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