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COMMONWEALTH VERSUS HUNT: A notable court case, decided by the Massachusetts Supreme Court in 1842, that declared labor unions were not illegal, which had been the existing interpretation of the law up to that time. This court case paved the way for the U.S. labor union movement, which continued in force for the next 100 years. While this case established the legality of a labor union, union activities (such as strikes) were not necessarily legal. This was much like making it legal to own a gun, but not legal to shot someone.
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MARKET SHARE The fraction of an industry's total sales or some other activity accounted for by one or more firms in the industry. An individual firm is often concerned with its "share of the market" as an indication of "success." Market share is also key to the analysis of market structure, market control, and industry concentration--especially for oligopoly. It can be used to indicated the degree concentration and market control of one or more firms in an industry. It can be used alone or to calculate concentration ratios and the Herfindahl index.
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BEIGE MUNDORTLE
[What's This?]
Today, you are likely to spend a great deal of time watching the shopping channel wanting to buy either a stretchable, flexible watch band or high-gloss photo paper that works with your printer. Be on the lookout for infected paper cuts.
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The word "fiscal" is derived from a Latin word meaning "moneybag."
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"He who hesitates is poor. " -- Mel Brooks, writer, director, comedian
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QR
Quantitative Restriction
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