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.
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© 1977 Fritz Machlup
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Machlup, F. (1977). The Use of the Term in Economics. In: A History of Thought on Economic Integration. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-03171-9_1
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DOI: https://doi.org/10.1007/978-1-349-03171-9_1
Publisher Name: Palgrave Macmillan, London
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