Advertisement

The Use of the Term in Economics

  • Fritz Machlup

Abstract

In economics the word was first employed in industrial organisation to refer to combinations of business firms through agreements, cartels, concerns, trusts, and mergers — horizontal integration referring to combinations of competitors, vertical integration to combinations of suppliers with customers.1 In the sense of combining separate economies into larger economic regions the word integration has a very short history.

Keywords

Foreign Trade Economic Integration Custom Union Horizontal Integration Marshall Plan 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© Fritz Machlup 1977

Authors and Affiliations

  • Fritz Machlup
    • 1
  1. 1.New York UniversityUSA

Personalised recommendations