Big Buisnesses Flashcards
1
Q
Vertical integration
A
When a company / individual is incontroll over every step of the production
2
Q
Horizontal integration
A
A strategy where businesses try to take over on join with its competitors to expand & dominate the industry → monopolies
3
Q
Laissez-faire economy
A
Government= no involvement in the businesses and manufacturers → no regulations, the forming of monopoly’s
4
Q
Robber barons
A
