Exit (economics)
Exit, in economics, means opting out of future transactions.[1]
Overview[edit]
A firm can secure its ability to exit, for instance, by only agreeing to contracts that contain a clause that allows for termination on terms it feels would be acceptable. In constitutional economics, it implies a right of secession. However, a citizen seeking simply to avoid paying income taxes can also exit by emigrating to a country with more favorable laws, assuming such a country exists and allows their immigration.
Exit strategy[edit]
Exit can also refer to exit strategy, for a business leaving a market or an owner selling up.[citation needed]
See also[edit]
References[edit]
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