| A | B |
|---|
| free enterprise system | a system where all businesses are owned by private citizens who decide what products to make |
| entrepreneur | people who start a business by assuming financial risk in order to profit |
| philanthropist | people who give away money to charities after they have become wealthy |
| robber baron | name given to entrepreneurs who are ruthless in trying to destroy their competitors |
| corporation | a business that is owned by investors |
| laissez-faire | a policy where the government does not interfere in the operations of business |
| vertical integration | a company which has control of all phases of an industry from raw materials to finished product |
| trust | a group of corporations run by a single board of directors |
| monopoly | a company that controls all or nearly all the business of an industry |
| stock | a share in a corporation |
| dividend | a share of a corporation's profit |
| Sherman Antitrust Act | law passed by Congress which banned the formation of trusts and monopolies |
| consolidate | to combine |
| bribery | when a person gives money in exchange for a political decision (often by a judge or politician) that benefits that person or their business |
| rebate | a discount on services or merchandise |
| pool | when railroads agreed to divide up areas of control and set high rates. |
