History
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14 terms
Terms | Definitions |
|---|---|
 Patent | a document giving someone the sole right make and sell an invention |
| thomas Edison | a great inventor who created the light bulb and much more |
| Alexander Graham Bell | invented the telephone |
| Henry Ford | an american manufacturer who made automobiles available to millions.And processed a car on a assembly like |
| Assembly line | Production method that breaks down a complex job into a series of smaller tasks |
| entrepreneur | someone who sets up new businesses to make a profit |
| corporations | businesses owned by many investors |
| monopoly | a company that controls most or all businesses in a particular industry |
| Andrew Carnegie | a poor immigrant who became big |
| John D. Rockefeller | was a entrepreneur who at the age of 23 invested on a oil refinery and started his own business |
| trust | a group of corporations run by a single board of directors |
| free enterprise | the system in which privately owned businesses compete freely |
| collective bargaining | unions negotiate with management for workers as a group |
| Wright Brothers | created the airplane |
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