4-3 big business

Front

Businesses needed __________________________ to buy raw materials and equipment, pay workers, and to cover shipping and advertising costs.

Back

capital

Front

________________________ was the ideal material for railroad tracks and bridges because it is stronger than iron.

Back

steel

Front

The three factors of production are ___________________________________________.

Back

land, labor, and capital

Front

A __________________________ occurs when two or more businesses combine into one.

Back

merger

Front

What are people called who invest in corporations by buying stock?

Back

shareholders

Front

What are people called who start businesses?

Back

entrepreneurs

Front

Gaining almost total control of an industry is called

Back

a monopoly

Front

Who was the steel industrialist who donated hundreds of millions of dollars as a philanthropist?

Back

Andrew Carnegie

Front

Which legislation was a response to the public’s growing concern over trusts and monopolies?

Back

Sherman Antitrust Act

Front

What are factors of production?

Back

The way resources are gathered in order to produce goods and services