buisness 2

Question Answer
Capitalism an economic system in which investment in and ownership of the means of production, distribution, and exchange of wealth is made.
Free Enterprise an economic system in which private business operates in competition and largely free of state control.
Communism a political theory derived from Karl Marx, advocating class war and leading to a society in which all property is publicly owned and each person works and is paid according to their abilities and needs.
Social Darwinism A theory arising in the late nineteenth century that the laws of evolution, which Charles Darwin had observed in nature, also apply to society.
Corporation Corporation characteristics. When evaluating types of corporations, many business owners consider taxation to be the most noteworthy……
Trust 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 noun, plural monopolies. exclusive control of a commodity or service in a particular market, or a control that makes possible the manipulation of prices.
Vertical Integration the combination in one company of two or more stages of production normally operated by separate companies.
Horizontal Integration Horizontal integration is the process of a company increasing production of goods or services at the same part of the supply chain.
Cornelius Vanderbilt Cornelius Vanderbilt, also known informally as "Commodore Vanderbilt", was an American business magnate and philanthropist who built his wealth in railroads and shipping.
George Pullman George Mortimer Pullman was an American engineer and industrialist. He designed and manufactured the Pullman sleeping car and founded a company town, Pullman, for the workers who manufactured it.
Horatio Alder Jr. Horatio Alger Jr. was a prolific 19th-century American writer, best known for his many young adult novels about impoverished boys and their rise from humble backgrounds to lives of middle-class security …
Andrew Carnegie Andrew Carnegie was a Scottish-American industrialist, business magnate, and philanthropist. Carnegie led the expansion of the American steel industry in the late 19th century and is often identified as one of the richest people ever.
John D. Rockefeller John Davison Rockefeller Sr. was an American oil industry business magnate, industrialist, and philanthropist. He is widely considered the wealthiest American of all time, and the richest person in modern history.

Leave a Reply

Your email address will not be published. Required fields are marked *