Free Enterprise System - anyone can start and own a business - usually with a few government rules, capitalism - also known as the Free Market System, Vertical Integration - a business strategy where ONE company controls all the steps used to change raw materials into finished goods, raw materials - lumber (wood), steel, oil, corn, gasoline, iron, , Horizontal Integration - a business strategy in which a single company buys as many other companies as they can in the same industry , monopoly - a company or group having control of all the business in an industry, corporation - A business owned by investors, stocks - shares of a corporation (a small ownership of the company), stockholder - part owner of a corporation, dividends - stockholders receive a share of the profits, The Gilded Age - a time period of rapid (fast) economic ($) growth,

Buisness Models

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