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Business A Level Definitions / 100% CORRECT Answers
Business A Level Definitions
Business A Level Definitions
Privatisation - The action of selling business organisations owned and controlled by the state to investors in the private sector Nationalization - Occurs when privately owned business transfer ownership and control to the state Minimum Wages - Employers are forbidden to pay lower than the determined minimum wage per hour/week/month Monopoly - A market where only one supplier exist Collusion - An agreement between businesses which restricts competitions by fixing prices and sharing c...
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