Encyclopedia

Trust


A trust is a large company with predominantly monoproductive structure, occupying an important, and in some cases decisive position in the corresponding industry of production in the country or even worldwide. Most modern trusts can be more accurately classified as conglomerates, i.e., multi-industry structures forming the basis of major business. The most important feature of modern largest trusts is their transnationalization. Their production activities widely extend beyond the borders of national states. The largest American oil companies can be considered as transnational trusts. There are also trusts with multinational

core of owners (for example, Aluminum Company of America (ALCOA), etc.)

Source: "Recommendations on Issues of Expertise of Patent and Utility Model Applications" (approved by Order of Rospatent dated March 31, 2004 No. 43) (edition of November 30, 2009)

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