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11 Cards in this Set

  • Front
  • Back
owner of a large business; person who has extensive capital ibnvested in business enterprises
Capitalist
the return of part of an original amount paid for some service or merchandise
Rebate
an agreement mong formerly competing companies to set uniform prices and divide the business among themselves according to a predetermined formula; the purpose is to maximise profits by ending competition
Pool
organization of a single corporation to control all stages of manufacturing, from obtaining raw materials to marketing the finished product
Vertical integration
organization of a single corporation, though consolidation measures, to gain braod control over all manufacturing of a particular product
Horizontal Integration
market situation in which a few giant companies can control price and levels of production in an entire industry; near monopoly
Oligopoly
(also trade unionism pure and simple) the union practice of concentrating on issues of immediate concern to its members, such as reducing hours and raising wages, rather than promoting broad socail reforms
"Bread and Butter" unionism
an agreememnt that employers forced employees to sign swearing to not joinn unions/ strike
Yellow-Dog Contract
a person who advocates the overthrow of all established government and of capitalist economic institutions
Anarchist
a count order requiring a person to do or not do a particular thing
Injunction
a doctrine that government should intervene as little as possible in economic affaires, such as regulating business
Laissez-Faire