Chapter 20 Vocab Review

Front

Total control of an industry by one entity.

Back

Monopoly

Front

Resources in production: natural resources, labor, capital.

Back

Factors of production

Front

Combining different companies into one.

Back

Consolidation

Front

Combining two or more businesses into one.

Back

Merger

Front

Ownership shares a company sells, often with voting rights.

Back

Stock

Front

Powerful businessman controlling a major railroad.

Back

Railroad baron

Front

Person hired to replace a striking worker to break a strike.

Back

Strikebreaker

Front

Organization of workers seeking better pay and conditions.

Back

Labor union

Front

Factory production of goods in large quantities.

Back

Mass production

Front

Factory method where work moves past stationary workers performing a single task.

Back

Assembly line