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<strong>Package</strong> – Schools award, or “package,” student aid for each year for students. Once the aid is packaged, schools send award letters to students indicating the type(s) and amount(s) of financial aid awarded for year. (Under 34 CFR 668.16(h), the school is required to provide information about the sources and amounts of aid offered.)
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horizontal equity (D6)<br />The identical treatment of individuals or groups with the same amount of a relevant characteristic, e.g. income. Following this principle, families of the same size and income pay the same amount in direct taxes.<br /><em>See also:</em> vertical equity horizontal integration (Ll)<br />The merger of firms in the same industry, usually to reduce competition and to obtain ECONOMIES OF SCALE. Mergers of this kind are viewed with great suspicion in COMPETITION POUCY as they are expected to increase AGGREGATE CONCENTRATION.<br /><em>See also:</em> vertical integration
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collusion (L2)<br />Joint action, usually by ouGoPousTs, to control prices and market shares. It is illegal in most capitalist countries, e.g. in the USA under ANTITRUST legislation. As Adam SMITH, the apostle of competition, observed in his Wealth of Nations (Book 1, ch. X, Part II), 'People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.'
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food and 4.2 per cent for local domestic taxation. Its emphasis on consumer prices makes it a crucial indicator of the welfare effects of inflation and is of central importance to wage negotiators. In the UK, there were changes of the base in 1974 and 1987. The inclusion of mortgage payments and local taxation is unusual by international standards.<br /><em>See also:</em> consumer price index; headline rate of inflation; Laspeyres index; Paasche index
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