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What does vertical integration mean in simple terms?

What does vertical integration mean in simple terms?
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What does vertical integration mean in simple terms?

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User DeKekem
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Vertical integration is an economic theory describing a style of ownership.
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User Ruslan Plastun
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8.1k points
4 votes
basically one company thats divided up in diffrent stages that are run by separate companies. 
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User Dreijntjens
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