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VERTICAL MERGER: The consolidation under a single ownership of two separately-owned businesses that have an input-output relationship, in which the output of one firm is the input of another. An example of a vertical merger would be a soft drink company merging with a sugar company to form a single firm. A vertical merger should be contrasted with horizontal merger--two competing firms in the same industry that sell the same products; and conglomerate merger--two firms in totally, completely separate industries.

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MACROECONOMIC GOALS

Three conditions of the mixed economy that are most important for macroeconomics, including full employment, stability, and economic growth, that are generally desired by society and pursued by governments through economic policies.

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Today, you are likely to spend a great deal of time at a going out of business sale looking to buy either a pleather CD case or a how-to book on fine dining. Be on the lookout for cardboard boxes.
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A half gallon milk jug holds about $50 in pennies.
"Kites rise highest against the wind, not with it. "

-- Winston Churchill, British prime minister

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