Business and Economics Flashcard

What is a corporation?

Who is an entrepreneur?

What was the Gilded Age?

What does it mean to invest?

What is a labor union?

What does laissez-faire refer to?

What is the term for a person who assembles and organizes the resources necessary to produce goods and services, and is willing to take risks in starting and managing a business?

What is a business that is owned by many investors called?

What does it mean to give money to a company or bank, or to buy something, in order to make a profit later?

What period in American history from the late 1870s to the early 1900s was marked by rapid industrialization, economic growth, and wealth creation, but also by extreme poverty and exploitation of the working class?