Name: _________________________________________ Bl:___ Industry and Big Business Vocabulary Monopoly Philanthropist National Market Market Assembly Line Word Bank: Vertical Integration Horizontal Integration Trust Manufacturing Consumer Mass Production Entrepreneur Laissez-faire Labor Union A person who gives away a great deal of money to help people 1. The making and producing of goods 2. A person who buys goods to use 3. When one company has total ownership of a product or service 4. 5. Markets that stretch across the continent. People can buy things from anywhere in the country. Producing a large quantity (amount) of a product 6. 7. Arranging workers in such a way to manufacture a product quickly and cheaply, giving each worker one task A place where goods are bought and sold 8. 9. Buying companies that manufacture the same thing to control the entire industry 10. Buying companies that will help your company create a national market and make your company stronger The government is less involved in the economy (hands off approach) 11. A person who starts and manages their own business 12. 13. An organization of employees that fights for better working conditions/pay Another word for monopoly 14.