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Rise of big busines

TermDefinition
Corporation Company recognized as a legal unit that has rights and liabilities separate from each of its members
Monopoly Exclusive control by one company over entire industry
Cartel Association of producers of a good or service that prices and control stocks in order to monopolize the market
Horizontal integration System of consolidating many firms in the same business
Trust Group of seperate companis that are placed under the control of a single managing board on order to form a monopoly
Vertical integration System of consolidating firms involved in all steps of a product's manufacture
Social darwinism The belief held by some in the late nineteenth century that certain mations and races were superior to others and therefore destined to rule over them
Created by: Emilyk34