Histroy Test Flashcards
1
Q
Coporation
A
A business owned by many investors
2
Q
Monopoly
A
Something that has no substitute
3
Q
John Rockefeller
A
Founder of standard oil, used vertical and horizontal integration, grouped companies into a trust, and is an effort to control oil production and prices.
4
Q
Trust
A
A group of corporations to unite together In order to reduce competition and control prices in a business or industry.