military-industrial complex

military-industrial complex definition - business

military-industrial complex

The armed forces and industries with which they have a political and economic relationship. A growing military supports a growing defense industry, and so both lobby for bigger military budgets. The relationship is made even stronger when defense companies hire retired military officers and politicians.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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