The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd


  • John Saville
Reference work entry


‘Combination’ is a term used for a variety of forms of organization. An obsolescent usage relates to business firms which have come together in some kind of merger and today are usually referred to as monopoly, cartel, industrial combination or multinational. In Britain during the 18th century and for most of the 19thcentury combination was understood to mean associations of working men whose purposes were the raising of wages or the alteration of working conditions. The term ‘trade union’ did not come into common use until after 1830 and only in the second half of the century did it supplant ‘combination’.

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • John Saville
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  1. 1.