Search results
Results From The WOW.Com Content Network
Free shipping is a marketing tactic used primarily by online vendors and mail-order catalogs as a sales strategy to ... The simplified business model provides ...
t. e. In Economics and Law, exclusive dealing arises when a supplier entails the buyer by placing limitations on the rights of the buyer to choose what, who and where they deal. [1] This is against the law in most countries which include the USA, Australia and Europe when it has a significant impact of substantially lessening the competition in ...
Conway's law. Conway's law describes the link between communication structure of organizations and the systems they design. It is named after the computer programmer Melvin Conway, who introduced the idea in 1967. [1] His original wording was: [2][3] [O]rganizations which design systems (in the broad sense used here) are constrained to produce ...
Free trade is a trade policy that does not restrict imports or exports. In government, free trade is predominantly advocated by political parties that hold economically liberal positions, while economic nationalist and left-wing political parties generally support protectionism, [1][2][3][4] the opposite of free trade.
Arbitrage. In economics and finance, arbitrage (/ ˈɑːrbɪtrɑːʒ /, UK also /- trɪdʒ /) is the practice of taking advantage of a difference in prices in two or more markets – striking a combination of matching deals to capitalize on the difference, the profit being the difference between the market prices at which the unit is traded.
Comparative advantage in an economic model is the advantage over others in producing a particular good. A good can be produced at a lower relative opportunity cost or autarky price, i.e. at a lower relative marginal cost prior to trade. [1] Comparative advantage describes the economic reality of the gains from trade for individuals, firms, or ...
Commercial law (or business law), [1] which is also known by other names such as mercantile law or trade law depending on jurisdiction; is the body of law that applies to the rights, relations, and conduct of persons and organizations engaged in commercial and business activities. [2][3][4] It is often considered to be a branch of civil law and ...
International commercial law. International Commercial Law is a body of legal rules, conventions, treaties, domestic legislation and commercial customs or usages, that governs international commercial or business transactions. [1] A transaction will qualify to be international if elements of more than one country are involved.