Economic Glossary

Here are some explanations of some of the economic principals discussed in our sites. A more detailed glossary of antitrust law is available at http://home.mpinet.net/cmueller/ii-03.html.

Big Business Outlines the changes that occurred during the industrial revolution that made possible large scale business ventures.

Benefits of Consolidation Outlines the motivation for firms to combine resources in the competitive environment created by the industrial revolution, and the economic benefits of doing so.

The Corporate Form Outlines the principals behind the corporate model of business, its strengths, and its weaknesses.

Corporate Forms Outlines the different forms which corporations have taken throughout American history, and the reasons for their obsolescence.

Market Power, Monopolies, and the Innovation Market Approach Outlines the market power and monopoly related issues in the Microsoft case.

Entry and Competition Outlines entry and competition as it relates to monopolies and antitrust actions.

Leveraging Outlines the concept of leveraging, a controversial antitrust violation being considered in the Microsoft case.

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