| A | B |
|---|
| assembly line | a conveyor belt carries parts of products to workers at fixed stations where each person completes one task |
| board of directors | runs the business, picked by the stockholders |
| capital | money used for investment |
| captains of industry | a business leader who developed new industries and gave away millions in $ to charitable causes |
| corporation | a business owned by investors who buy part of the company through shares of stock |
| dividend | share of a company's profits that is paid to stockholder |
| division of labor | spearating one highly skilled job into many simpler ones |
| entrepreneur | people who take financial risks of starting a business |
| free enterprise | a system where businesses have the freedom to compete for profits with little government interference |
| Industrial Revolution | a complete change in the way goods are made; from hand to machines and from home to factory |
| labor union | organizations of workers who join together to negotiate wages and hours with employers |
| laissez-faire | a belief that government should not make rules for business and industry |
| mass production | making large quantities of goods, cheaply and quickly |
| monopoly | a company that has complete control over goods or services of an entire industry |
| muckrakers | a journalist who exposed corruption in American society |
| partnership | a business owned by small group of people |
| patent | a government document giving an inventor the exclusive right to make and sell his or her invention for a specific number of years |
| propietorship | a business owned by one person |
| robber baron | a business leader who became wealthy through dishonest methods |
| standardized parts | parts that are made the same way so that they are interchangeable |
| stock | a share of the company sold to raise money to invest in the company |
| stockholder | a person who owns stock in the company |
| strike | to force an employer to comply with demands for better working conditins and higher wages |
| sweatshop | a place where workers labored long hours under poor conditions for low wages |
| trust | a corporation which holds stock from many different companies and control all of these companies |
