A Latin American common market established in 1991 by Argentina, Brazil, Paraguay, Uruguay, and Venezuela, aimed at promoting economic integration and free trade among member states.
A combination of two or more firms into a single new firm, involving the consolidation of assets and liabilities and division of shares among original shareholders.
Merit goods are goods or services whose consumption is deemed beneficial for society beyond the immediate individual benefits, often warranting government intervention.
Comprehensive overview of microeconomics, focusing on the decision-making processes of individuals and firms, economic equilibria, and the impact of government policies on economic outcomes.