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chapter 5 social studies

vocabulary definitions

AB
rebatesrefunds to the buyers of part of the fees for purchased products or sevices
consolidationcombining several companies into one large company
regulatemake rules for
free enterpriseeconomic system in which businesses are free to compete without gov. rules
interstate commercebusiness between states
capitalmoney used to produce goods
corporationtype of business that raises money by setting
stockholdersinvestors who own stock in corporations
dividendspart of the profits of a corporation earned by stockholders
trustsform of business combination in which a board of trustees control the member corporations
collectilve bargainingprocess by which the representatives of a union and a gusiness discuss and reach agreement about wages and working conditions
arbitrationusing a third party to settle a dispute
injunctiona court order
socialismbelilef that gov. rather than individuals, should own a nation's major industries


mrs.landesberg

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