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the decision by a firm on whether to make a component or product itself or to buy it from an external supplier (see OUTSOURCING). The decision will depend upon the combined production costs and TRANSACTION COSTS of the alternatives. Sometimes a firm may adopt mixes of the two policies, producing some quantity of the product itself and buying the remainder, depending upon the relative costs of the sources and security of supply considerations. See TRANSACTION for a more detailed discussion. See INTERNALIZATION, VERTICAL INTEGRATION.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in classic literature ?
No discovery being made, which proved the lost man to be dead, it at length became necessary to release the person suspected of having made away with him.
At other times I thought that perhaps after all these treacherous savages had made away with him, and thence the confusion into which they were thrown by my questions, and their contradictory answers, or he might be a captive in some other part of the valley, or, more dreadful still, might have met with that fate at which my very soul shuddered.
But when he had made away with these two, and was about to sit down again by his fire, out from every hole and corner came black cats and black dogs with red-hot chains, and more and more of them came until he could no longer move, and they yelled horribly, and got on his fire, pulled it to pieces, and tried to put it out.
The demd old dowager will faint with grief and rage; the other two will say "He is married, he has made away with himself, it is a demd thing, it is all up!" They will hate each other demnebly, and wish you dead and buried.
Had she known of the bone, the cap, and the handkerchief, she would have made away with them after she had gone back to her chamber at midnight.
Sources say the thieves made away with 13 bags loaded with the Sh72 million.
According to some victims, robbers carrying cutlasses, guns and other harmful objects made away with money, phones and other valuables.
He was accused that on Monday at Volkers Apartments Terace, he poisoned a dog and made away with a camera and computers.
The thieves were said to have also severed a hand of the ranch attendant and had left the man in his agony as they made away with the cows.
The thieves reportedly ransacked the house and made away with items such as laptops, 60 wax prints, bags and unspecified amounts of money, including American dollar notes.
The robbers made away with nine animals worth Rs1.5 million.
Taichung City Police are on the lookout for a man who made away with over NT$200,000 (US$6,500) in a bank robbery this afternoon (Jan.