Register now or log in to join your professional community.
The merger of companies at the same stage of production in the same or different industries. When the products of both companies are similar, it is a merger of competitors. When all producers of a good or service in a market merge, it is the creation of a monopoly. If only a few competitors remain, it is termed an oligopoly. Also called lateral integration. See also vertical integration.
Budget deficit is a status when expenditures exceeds revenue.
i agree with experts answers
The amount by which a company or individual's spending exceeds it income over a particular period of time is called budget deficit. The budget deficit is normally financed through borrowing from the financial market.
