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Industry

Social Studies Ch.19 Vocabulary

WordDefinition
Consolidation combine into a single more effective or coherent whole
Rebate a partial refund to someone who has paid too much money for tax, rent, or a utility
Pool a group of sharing in some activity,for example,among railroad barons who made secret agreements and set rates among themselves
Assembly Line a series of workers and machines in a factory by which a succession of identical items is progressively assembled: Compare with production line
Mass Production produce large quantities of by an automated mechanical process
Stock the goods or merchandise kept on the premises of a business or warehouse and available for sale or distribution:
Shareholder an owner of shares in a company
Trust Law confidence placed in a person by making that person the nominal owner of property to be held or used for the benefit of one or more others
Monopoly the exclusive possession or control of the supply or trade in a commodity or service
Philanthropy the desire to promote the welfare of others, expressed esp. by the generous donation of money to good causes
Merger a combination of two things, esp. companies, into one
Sweatshop a factory or workshop, esp. in the clothing industry, where manual workers are employed at very low wages for long hours and under poor conditions
Trade Union organizations of workers with the same trade or skill
Strikebreaker a person who works or is employed in place of others who are on strike, thereby making the strike ineffectual
Injunction an authoritative warning or order
Created by: mark.sayler0101
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