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Industrialization
Vocabulary-Root and Gambitta
Question | Answer |
---|---|
A business owned by many investors | corporation |
When a company controls 95% of the business in one industry | monopoly |
Process that produces many items quicker and cheaper | mass production |
When businesses lower prices to win customers | competition |
When private citizens own a nation's businesses | free enterprise system |
Having control of an industry, from the raw materials to the finished product | vertical integration |
Shares of a business owned by investors | stocks |
When an investor in a company receives a share of the profits | dividends |
Discounts given to customers of railroads who shipped large loads | rebates |
Process that made steel production cheaper | Bessemer Process |
What banned the formation of trusts and monopolies? | Sherman Antitrust Act |
What is a license for a new invention? | patent |
An arrangement of machines and workers in which work passes from operation to operation in direct line until the product is assembled | Assembly Line |