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Industry

Chapter 20 Vocabulary

AB
networka system of connected railroad lines
consolidatewhen one larger company buys out smaller companies
rebategiving discounts to big customers
poolwhen companies come together and set prices high
vertical integrationhaving control of all phases of manufacturing
corporationa company owned by many investors
stocka share in a company
dividenda portion of a company's profits
trustmany companies run by a single board of directors
monopolyone company controlling all of a particular industry
free enterprise systembusinesses are owned by private citizens and not the government
assembly lineproducts put together on a moving belt
mass productionproducing large quantities of a product at a cheaper price
injunctiona court order to do something
Thomas Edisoninvented the light bulb


Mrs. Brown

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