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make

or

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 periodicals archive ?
As he has demonstrated, such practices seem now to "make sense" as part of a hidden discourse.
So the phone system was going to be relocated anyway, and "the cost to pull copper wires for telephones to a new location just did not make sense," says Bryan.
This means that your units must be entities in themselves; each part by itself must make sense to the student.
All elements were interwoven because educator and students negotiated the classroom environment as they attempted to make sense of and respond to each other's actions.
First, let's begin with a review of current thinking and then outline a new framework for understanding the value of insurance that clarifies when insurance definitely makes sense, when it does not make sense and when it might make sense--in effect, a triage.