Airbus Industries

Definition

Airbus Industries is a European multinational aerospace corporation that designs, manufactures, and sells civil and military aerospace products worldwide. It stands as one of the leading players in the aviation industry, competing with other giants like Boeing to capture market share in commercial airline manufacturing.

Related terms

Free Market: An economic system where prices for goods and services are determined by open competition between businesses without government intervention.

Competition:

The rivalry among sellers trying to achieve such goals as increasing profits, market share, and sales volume by varying the elements of the marketing mix - price, product, distribution, and promotion.

Globalization:

The process by which businesses or other organizations develop international influence or start operating on an international scale, affecting how companies like Airbus operate and compete worldwide