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Big Business

TermDefinition
Philanthropist Person who donates large sums of money to charity.
Laissez-faire Government must leave "hands-off" approach to private business
Capitalism Economic system in which production and distribution are privately owned.
Mass Production Using the assembly line to make large quantities of products faster and cheaper.
Strike To refuse to work in order to force an employer to meet certain demands
Assembly Line manufacturing practice where individual repeats a task rather than complete the entire item
Monopoly control all aspects of a given industry
sweat shop workplace with long hours, unsafe conditions or low pay
labor union organization set up to help meet the needs of workers
consolidation business combined to form a larger one
Created by: Mr. Taylor CMS
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