Podcast
Questions and Answers
A ______ is a collaboration between 2 or more companies to control prices of goods or services.
A ______ is a collaboration between 2 or more companies to control prices of goods or services.
cartel
A Free Standing Company operates business outside of its home ______.
A Free Standing Company operates business outside of its home ______.
country
Foreign Direct Investment (FDI) involves the acquisition of foreign ______.
Foreign Direct Investment (FDI) involves the acquisition of foreign ______.
assets
Capitalism is an economic and political system controlled by private owners for ______.
Capitalism is an economic and political system controlled by private owners for ______.
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Monopoly is a key concept within the economic system of ______.
Monopoly is a key concept within the economic system of ______.
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Study Notes
Cartels
- Collaboration between two or more companies to control prices of goods or services.
- Concerned with price and output.
- Has its own systematic operation.
Free Standing Company
- Operates business outside of home country.
- Transfers start-up capital, skilled personnel, and knowledge abroad.
- No vertical integration needed.
- Has head offices to distribute finance and manage foreign operations.
F01
- Acquisition of foreign assets.
- To gain advantage over host economy.
- Greenfield investment.
- Non-equity arrangement.
Capitalism
- Economic and political system that controls a country's trade (by private owners for profit).
- Monopoly is part of capitalism (control of supply and trade by one party).
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Description
This quiz covers key concepts related to cartels, free standing companies, and capitalism. Explore how these entities operate within the economy and their implications for trade and investment. Assess your understanding of economic principles and structures.
