Unit 9 Vocabulary Quiz

total control of a type of industry by one person or company

• monopoly

• corporation

• tenements

• entrepreneur

group of workers who united to improve working conditions

• labor union

• free enterprise system

• industrialization

• monopoly

a person or small group who starts a business in the hopes of making a profit

• entrepreneur

• industrialization

• tenements

• labor union

railroad that crosses a continent

• transcontinental railroad

• specialization of labor

• mass production

• free enterprise system

economic system in which people and businesses are free to own the means of production and to compete for profit with a minimum of government interference

• free enterprise system

• corporations

• labor unions

• entrepreneur

large businesses in which people invest their money and share ownership

• corporations

• mass production

• free enterprise system

• monopoly

dividing up work for individuals to have specific tasks

• specialization of labor

• industrialization

• labor union

• corporations

economic activity characterized by manufacturing of goods

• industrialization

• entrepreneur

• specialization of labor

• labor union

process of making large numbers of one product quickly

• mass production

• free enterprise system

• corporations

• industrialization

rundown building

• tenements

• monopoly

• corporations

• labor union