Organizer and operator of a business; a financial risk taker
What is Entrepreneur
100
Benefit of airplanes
What is Postal service could transport mail across the country, military used for exploration and scouting, Americans could travel quickly across the country
100
An example of bad working conditions
What is Fire hazards, low pay, dangerous jobs
200
How much of a product is wanted by buyers
What is demand
200
When somebody gives a share of money to a business or a bank to potentially make more money later on
What is Invest
200
Inventors of the airplane
What is Orville and Wilbur Wright
200
Define what an urban area looks like
What is Industrial, City
300
Business with multiple investors
What is corporation
300
The idea that the economy is at its best with limited help from the government
What is Laissez-faire
300
This inventor's invention made industry more efficient and competitive because of producers, sellers, and customers being able to communicate quickly and easily
What is Alexander Graham Bell
300
Growth of cities
What is Urbanization
400
Production and sales of a product/service are controlled by one company
What is monopoly
400
As price↑, supply↑ (As price↓, supply↓)
What is Law of Supply
400
Idea of using assembly lines to make a large number of goods
What is Mass production
400
Group that brings workers in the same job together to fight for higher pay and better working conditions
What is Labor Unions
500
Corporations that have come together to limit competition and control their prices; run by one board of directors