3C. Free Enterprise and Big Business

One of the benefits of free enterprise is that -

• people are allowed to buy products from foreign countries without paying any taxes

• businesses are incentivized to lower their prices so consumers will buy their product

• the government determines what goods a company will produce

• companies are required by law to pay their employees more than workers in Mexico

Tags

#Gilded Age-Free Enterprise

What is another word for Free Enterprise System?

Tags

#Gilded Age-Free Enterprise

(A) refers to the role the government plays in the economy, what role is that?

Tags

#Gilded Age-Free Enterprise

(B) determines the prices of goods sold. How are prices set?

Tags

#Gilded Age-Free Enterprise

(D) refers to the reasons people "enter" the economy. Explain this pillar.

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#Gilded Age-Free Enterprise

(E) refers to the freedom a consumer has in the economy. Who decides what you buy?

Tags

#Gilded Age-Free Enterprise

What role did the government play in the economy during the Gilded Age?

Tags

#Gilded Age-Free Enterprise

(a)   was the biggest producer of steel and practiced philanthropy. 

• Andrew Carnegie
• John D. Rockefeller
• J.P. Morgan
• Cornelius Vanderbilt

Tags

#Gilded Age-Andrew Carnegie

 Growth of big business is to the ​ (a)  

    As provided access to new markets is to the

(b)  

• Gilded Age
• Railroad
• Thomas Edison
• Bessemer Process
• Free Enterprise System

Tags

#Gilded Age-Gilded Age Characteristics

#Gilded Age-Transcontinental Railroad

Which of the following is a pro to big business? 

• monopolies allow one company to be in charge of all the production of one good

• workers receive high pay for the tasks they perform

• businesses worked together and shared their information to create improved products

• efficient production resulted in lower prices of goods

Tags

#Gilded Age-Big Business