Gilded age People

What does a country need to build a strong economy?

• Money

• shipping ports

• resources to create goods

• jobs

This is a person that purchases the resources, builds the factory and pays the workers.

• proprietor

• mougal

• labor force

• robber barron

This is a person that creates the goods and provides the services

• proprietor

• mogul

• labor force

• robber barron

This is a person that dominates an entire industry

• proprietor

• mogul

• labor force

• robber barron

A profit is ....

• any money made after operating cost

• any money made before operating cost

• the operating cost

• the amount of money you owe

WHen industries rely on each other to build a product

• big business

• moguls

• interdependence

• shared work

When someone controls an entire industry and the resources no other business can enter the market

• bully

• monopoly

• mogul

• robber barron

Is a monopoly good for the consumer

• yes

• no

Competition in industry

• helps create lower prices and quality goods

• makes prices higher

• helps make people rich.

• is bad for everyone

_____ is a natural resource that is removed from the Earth though drilling

• oil

• gas

• foil

• paper