Who are ...
Carnegie
Rockefeller
Vanderbilt
JP Morgan
100
The term economists use to describe 3 categories that are needed for a business is called ...
What is factor of production
100
Susan owns a pizzeria, she operates a _________
Who is financially responsible for this business?
What is a sole proprietorship.
She alone is responsible
100
Economics is the study of ...
What is money and jobs
100
Shares are defines as ...
small pieces of a corporation
200
Type of industry and company name for 1 industrialist
What is ...
Carnegie - Steel
Rockefeller - Shipping
Vanderbilt - Standard Oil
JP Morgan - Chase Bank Finance
200
This category of factors of production includes everything beneath your feet and above your head on your property
What is land
200
When a business needs to raise capital and sells small pieces to the public
What is a corporation
200
This idea states that people are able to buy, sell, and produce whatever they want
What is free enterprise
200
Define dividends
An investors share in the profit of a company
300
Someone who is known for respectable business practice is called a ...
What is a captain of industry
300
This term refers to all of the people involved in a business
What is labor
300
When 2 or more people go into business together and they share all responsibilities, it is called a ...
What is partnership
300
Social Darwinism states that
The biggest/strongest companies will beat out and take over smaller/weaker ones
300
Why might a corporation sell stocks?
To raise capital for their business
400
Someone who is dishonest, strict, and greedy as a business leader is a ...
What is a robber baron
400
This term refers to all of the materials and supplies you need to create and run your business
What is capital
400
When a business owner controls the majority of a particular industry
monopoly
400
This term literally means "hands off" and states the government should let the market run itself
What is laissez - faire
400
How were the industrialists able to take over other companies in regard to the stock market?
By purchasing all available shares in a smaller company and having majority control
500
Someone who is known for donating a lot of money to good causes is known as a ...
philanthropist
500
What is a natural resource
What are all items on the earth that are useful and have a purpose
500
When you own all steps in the process of creating a monopoly (multiple industries) it is called ...
When you own all businesses in one industry it is called ...
Vertical Integration
Horizontal Integration
500
True / False
The government still follows a laissez - fair attitude.
What is false
Explain
500
This theory, used to determine the price of a corporations shares, is based on how many desirable shares are available for sale.