The Clayton Antitrust Act of 1914 continues to govern US business practices today.
The law, designed to strengthen previous antitrust laws, prohibits anti-competitive mergers, predatory and discriminatory pricing, and other forms of unethical corporate behavior.
The law also protects individuals by allowing lawsuits against companies and protecting workers’ rights to organize and protest peacefully.
Several amendments have been made to the law, expanding its provisions.
The law is jointly enforced by the FTC and the Department of Justice.
The Americans with Disabilities Act (ADA) was passed in 1990 to prevent discrimination against people with disabilities in the workplace and in employment.
Autarky refers to a state of self-sufficiency and is commonly used to describe countries or economies that seek to reduce their dependence on international trade.
A Build-Operate-Transfer (BOT) contract is a model used to finance large projects, usually infrastructure projects, developed through a public-private partnership.
Capitalism is an economic system characterized by private ownership of the means of production, especially in the industrial sector, in which labor is paid only according to wages.
The term “discount rate” can refer to either the interest rate the Federal Reserve charges banks for short-term loans or the rate used to discount future cash flows in a discounted cash flow (DCF) analysis.