Big Business & Industry Vocabulary

Front

Who invented the telephone?

Back

Alexander Graham Bell

Front

What is a corporation?

Back

A company selling shares to the public.

Front

What is an assembly line?

Back

A production method with repeated tasks.

Front

What is industrialization?

Back

The shift from farming to manufacturing.

Front

Who invented the lightbulb, phonograph, and motion picture?

Back

Thomas Edison

Front

What is a monopoly?

Back

A market structure where a single seller controls the entire market.

Front

What does 'capital' refer to in business?

Back

Financial assets or resources used for investment.

Front

What is a labor union?

Back

An organization of workers formed to protect their rights and interests.

Front

What is mass production?

Back

The process of producing large quantities of goods efficiently.

Front

What is entrepreneurship?

Back

The act of starting and running a new business.