A | B |
antitrust laws | allows the government to break up monopolies, regulate them or take them over |
breach of contract | when one party fails to live up to the terms of a contract |
contract | legal agreement between two or more parties to conduct business |
copyright | gives artists the sole right to own their creations such as plays, music, photos, etc. |
interstate commerce | business that takes place across all states |
intrastate commerce | business that takes place within a state |
oligopoly | when a small number of companies control the market without actually forming a trust |
monopoly | a company that controls an entire industry |
trust | when rival companies agree not to compete with each other |
patent | gives you the sole right to own an invention |
trademark | a brand name, trade name, trade characteristic, or a combinantion of these that is given legal protection by the federal government |
revenue | the money the government takes in |
subsidies | payments the government gives to businesses to make up for their losses |
tax incentives | reductions in taxes |