J. D. ROCKEFELLER
An American business magnate and philanthropist who became the world’s richest man and America’s first billionaire. Rockfeller was an oil baron who founded the Standard Oil Company and convinced more than 32 competitors to sell out to him. He revolutionized the petroleum industry by using hard-nosed business tactics to outmatch his competitors.
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Tit for Tat
Game theory mechanism subject to a payoff matrix similar to a prisoner’s dilemma. Anchored on the concepts of retaliation and altruism, this ...
Nonsegregated Disclosures
Information that must be presented legally anywhere in a lease agreement. These are required by the Federal Reserve Board Regulation M. The lease a ...
Product Line
A series of related products which are all made or manufactured by the same company.
Behavioral Economics
The scientific study on how the mind thinks and how each person reacts as it relates to the process of decision making in economics of individuals ...
Infant-Industry Theory
A theory stating the emerging domestic industries must be protected against foreign competition until they become established and mature. In econom ...
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