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buy

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 ?
In the evening, with Matthews on board, we made sail back to the ship, not by the Beagle Channel, but by the southern coast.
We made sail and tried to clew off, when the rotten work of the Tahiti shipwrights became manifest.
But seeing that he was not likely soon to cease I made haste to put him on shore, and thence he continued his maledictions and lamentations aloud; calling on Mohammed to pray to Allah to destroy us, to confound us, to make an end of us; and when, in consequence of having made sail, we could no longer hear what he said we could see what he did; how he plucked out his beard and tore his hair and lay writhing on the ground.