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10 Cards in this Set

  • Front
  • Back
Antitrust laws
Laws designed to promote competition and fairness and to prevent monopolies
Contracts
an agreement to exchange goods or services for something of value
Copyright
protection of the work of authors, composers, and artists
Interstate Commerce
business transactions involving companies in more than one state
Intrastate Commerce
business transactions invovling companies that do business in only one state
Monopoly
a business that has complete control of the market for a product or service
Patent
the exclusive right goven to a person to make, use, or sell an invention for a period of 17 years
Public Utility
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
Revenue
government income
Trademark
a word, letter, or symbol associated with a specific product or company