Name: _________________________________________
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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.