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Business Terms

AB
Manufacturemake goods in large quantities by machinery
Mass productionmaking large quantities quickly and cheaply
Laissez-faireIdea that government should let business alone
Industrializationgrowth of industry
Corporationbusiness owned by investors who buy shares of stock
Stockshares in a corporation
Dividendspayment to stockholders from a company's profits
Monopolycompany that completely controls the market for an industry
RebatesDiscount on services or merchandise
StrikeRefusal by union workers to do their job until their demands are met
Scabspeople who break the strike
Labor Unionworkers who join together for better working conditions
capitalmoney
Vertical Integrationcontrolling all the steps to change raw materials into finished products
Trustgroup of corportations run by a singe board of directors
Consolidatecombine

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