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The Economy


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Economy
The money and services within a country (or region).
Gross National Product (GNP)
Measures the total ammount of money generated by a country's enterprise. This includes buisnesses based in the UK and abroad.
Vertical Integration
One business of higher level purchasing one of lower level.
Horizontal Integration
A buisness at one level of the chain of distribution buys or merges with a business at the same level.