| A | B |
|---|
| Entrepreneur | a business organizer |
| economies of scale | ability of a large business to operate more cheaply and efficierntly |
| horizontal integration | joining several companies in the same kind of business |
| vertical integration | joining companies in different, but related kinds of businesses |
| holding company | exist only to own stock or other companies |
| social Darwinism | theory that the wealthy are the fittest in society |
| philanthropy | actions to promote human welfare and benefit society |
| corporations | a group of people authorized to act as a single person |
