company union: union organized, financed and
controlled by management.
comparative advantage: an advantage in producing an itembecause one's opportunity cost to produce it is lower
than another's.
competition: the rivalry among buyers and among
sellers in the purchase and sale of resources and products.
compound interest: interest computed on the principal
and on the interest previously paid.
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conciliation: effort by a third party to bring labor and
management together to work out their differences on their
own.
conglomerate merger: combination of unrelated
businesses under a single management.
