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6.2

TermDefinition
Capitalism economic systems in which private business run most industry
Free Enterprise business left free from government regulations
Communism theory that individual ownership should not be allowed
Social Darwinism states that society progresses through compitition
Corporation a company that sells stock to investors in order to raise money
Trust an arrangement where several companies turn control over to a board of directors to control a single company
Vertical Integration owning businesses involved in each step of a manufacturing process
Horizontal Integration ownership of several companies that make the same product
Created by: Jardon1379