Industrialization

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sākt mācīties

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jautājums		atbilde
entrepreneur sākt mācīties		person who invests money in a business to make a profit
protective tariff sākt mācīties		tax on imports designed to make imported goods cost more than those made locally
laissez-faire sākt mācīties		policy that allows businesses to operate under minimal government regulation
patent sākt mācīties		grant by the federal government giving an inventor the exclusive right to develop, use, and sell an invention for a set period of time
suspension bridge sākt mācīties		bridge in which the roadway is suspended by steel cables
time zone sākt mācīties		one of the 24 longitudinal areas of the world within which the same time is used
mass production sākt mācīties		system in which factories turn out large numbers of products quickly and expensively
corporation sākt mācīties		a business in which a number of people share ownership
monopoly sākt mācīties		complete control of a product or service
cartel sākt mācīties		arrangement in which businesses making the same product agree to limit their production, keeping prices high
horizontal integration sākt mācīties		system of consolidating many firms in the same business into a single company
trust sākt mācīties		an arrangement where companies assign their stock to a board of trustees, who combine them into a new organization; trustees run the organization and pay themselves dividends on profits
vertical integration sākt mācīties		system of a corporation gaining control of the many different businesses that make up all phases of a product’s development
sweatshop sākt mācīties		factory that employs people to work for long hours on machines making mass-produced items
company town sākt mācīties		community owned by a business that rented out houses to employees
collective bargaining sākt mācīties		negotiating as a group for higher wage or better working conditions
socialism sākt mācīties		an economic and political philosophy that favors public, instead of private, control of property and income

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