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Hotelling's law is an observation in economics that in many markets it is rational for producers to make their products as similar as possible. This is also referred to as the principle of minimum differentiation as well as Hotelling's linear city model. The observation was made by Harold Hotelling (1895–1973) in the article "Stability in ...
Wikipedia began as a complementary project for Nupedia, a free online English-language encyclopedia project whose articles were written by experts and reviewed under a formal process. [20] It was founded on March 9, 2000, under the ownership of Bomis, a web portal company.
Price gouging is similar to profiteering but can be distinguished by being short-term and localized and by being restricted to essentials such as food, clothing, shelter, medicine, and equipment needed to preserve life and property. In jurisdictions where there is no such crime, the term may still be used to pressure firms to refrain from such ...
The World Bank defines free trade zones as "small, fenced-in, duty-free areas, offering warehousing, storage, and distribution facilities for trade, transshipment, and re-export operations". [4] Free-trade zones can also be defined as labor-intensive manufacturing centers that involve the import of raw materials or components and the export of ...
https://cacp.da.gov.in. Commission for Agricultural Costs and Prices ( CACP) is a decentralised agency of the Government of India. It was established in 1965 [2] as the Agricultural Prices Commission, and was given its present name in 1985. [3] It is an advisory body, not statutory, attached to the Ministry of Agriculture & Farmers Welfare ...
FOB ( free on board) is a term in international commercial law specifying at what point respective obligations, costs, and risk involved in the delivery of goods shift from the seller to the buyer under the Incoterms standard published by the International Chamber of Commerce. FOB is only used in non-containerized sea freight or inland waterway ...