AH - Industrialization Summative Review

Theory of economics that felt ownership of the means of production should belong to the workers of the world.

• Social Darwinism
• Socialism
• Vertical Integration
• Horizontal Integration

Group of workers who negotiate with business owners to obtain more money/better conditions?

• Labor Union
• Free Enterprise
• Entreprenuers
• Social Darwinism

A person who is willing to take risks in order to make a profit.

• Monopoly
• Laissez-Faire
• Labor Union
• Entrepreneur

What is it called when a group owners of different businesses within an industry collaborate to set prices artificially high?

• Trust
• Cartel
• Monopoly
• Corporation

What is a business whose owners became owners, through purchasing stock, and shared the risks and rewards of a business?

• Trust
• Cartel
• Monopoly
• Corporation

When one group owns all of the businesses within an industry and can charge whatever price they see fit.

• Trust
• Cartel
• Monopoly
• Corporation

A business that was formed in order to avoid government regulations against monopolies which would buy stock of other corporations in order to form monopolies.

• Trust
• Cartel
• Monopoly
• Corporation

These are certificates of ownership of a company which are sold in order to raise capital for that business.

• Monopoly
• Trust
• Stock
• Entrepreneur

What is it called when workers refuse to work until their demands are met?

• Stock
• Strike
• Collective Bargaining
• Socialism

A form of corporate organization in which several; branches of a company or several commonly owned companies work together to sell their products in   different markets.  Or a company tries to own all of the businesses within one industry

• Horizontal Integration
• Vertical Integration
• Free Enterprise
• Mass Production