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7 Cards in this Set
- Front
- Back
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Entrepreneur |
A person who organizes and assumes the risks of a bussiness |
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Economies of scale |
The ability of large businesses to operate more efficiently and cheaply |
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Horizontal integration |
When small buisnesses join together in similar activites. |
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Vertical integration |
Joining together of bussinesses that are involved in different but related activites |
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Philanthropy |
actions to promote human welfare and benefit society. |
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Laissez-faire |
A policy of letting things take their own course, without interfering. |
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Monopoly |
The control of supply or trade in a service. |
