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10 Cards in this Set
- Front
- Back
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Antitrust laws
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Laws designed to promote competition and fairness and to prevent monopolies
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Contracts
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an agreement to exchange goods or services for something of value
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Copyright
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protection of the work of authors, composers, and artists
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Interstate Commerce
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business transactions involving companies in more than one state
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Intrastate Commerce
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business transactions invovling companies that do business in only one state
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Monopoly
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a business that has complete control of the market for a product or service
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Patent
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the exclusive right goven to a person to make, use, or sell an invention for a period of 17 years
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Public Utility
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a business that supplies a service or product vital to all people; the price charged for the service(or product) is determined by governemtns regulation rather than by competition
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Revenue
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government income
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Trademark
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a word, letter, or symbol associated with a specific product or company
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