Big Business Dictionary 3.0 / 5 based on 1 rating ? HistoryASAQA Created by: LilyCreated on: 29-04-13 21:55 Capital Money needed to start a business 1 of 20 Cartel Formal agreement between competing corporations within one industry to affect market prices by controlling production/marketing 2 of 20 Commerce Buying & Selling of goods 3 of 20 Corporation Larger company owned by a number of shareholders 4 of 20 Credit Granting of a loan 5 of 20 Economies of scale Benefits gained by a business creating a large scale of production e.g securing discounts by buying raw materials in large quantities 6 of 20 Entrepreneur Owner of a business who take risks in attempt to make profits 7 of 20 GNP Total value of all the goods & services produced in a country 8 of 20 Holding company A corporation that owns a controlling share of the stock of one or more firms 9 of 20 Inflation Increase in prices - Fall in purchasing value of money 10 of 20 Limited liability Only the assests put into the corporation by a shareholder are at risk in the event of bankrupcy 11 of 20 Monopoly Single corporation/trust owns nearly/all of the market for one type of product/service 12 of 20 Philanthropist Person who freely gives/help to people who need it 13 of 20 Rebate Part of a payment 14 of 20 Share Single unit of ownership in corporation 15 of 20 Social Darwinism Society operates in the same way as the animal kingdom - survival of the fittest 16 of 20 Tariff Tax on imported goods making them more expensive to buy and trying to increase the sale of domestic goods 17 of 20 Trust Large corporations formed from the merger of smaller corporations set up reduce competition and control prices within an industry 18 of 20 Vertical Integration A corporation that controls all aspects of manufacturing from extracting raw materials to selling the finished products 19 of 20 Wall Street Location of the New York stock exchange - central market in the US for dealing with stocks,shares and securities 20 of 20
June 2014 1-02: How far did the rise of big business change the American economy in the years 1890 to 1920? [24 marks] 0.0 / 5
June 2013 1-02: How important was big business in the growth of the US economy in the years 1890 to 1919? (24 marks) 5.0 / 5 based on 2 ratings
Explain Why Republicans Won All the Presidential Elections between 1896 and 1908 (McKinley and T. Roosevelt)? (12 marks) 0.0 / 5
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