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19.3 Vocab Quiz L4 Crossword
Down
:
1) Large numbers of workers were needed to turn raw materials into goods.
2) The people who invest in the corporation by buying stock. They are partial owners in a corporation.
3) To combine two or more companies to make a larger company.
4) He was a banker. He bought Carnegie's steel company and became the richest man in the history of the world.
5) The belief that the government should NOT interfere with private business.
7) Company that sells shares or stock of its business to the public.
8) the equipment, machinery, and tools used in production.
13) A situation in which a single company owns all of the market for a given type of product or service. Characterized by an absence of competition, which often results in high prices and inferior products.
Across
:
6) Not just the earth, but all natural resources used in production.
9) He dominated the Steel industry. He used vertical integration to acquire other companies that provided the equipment and services he needed for his steel business.
10) A person who provides the capital and assumes the risk in starting a business.
11) Shareholders earn. They are cash payments from the corporation's profits.
12) He started Standard Oil Company and through horizontal integration he merged with other competing oil companies to form a large company that dominated the Oil industry.
14) The use of money to benefit the Community. Andrew Carnegie was one of these. He founded schools, universities, and other civic buildings in the US.
15) shares of a corporation that the public can purchase
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