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What is the exclusive control of an industry?
a monopoly
Describe two ways in which Carnegie Tried to control the steel industry?
Andrew Carnegie sought to control the steel industry primarily through vertical integration and strategic partnerships. By acquiring control over the entire production process—from raw materials to transportation and distribution—he reduced costs and increased efficiency. Additionally, Carnegie formed alliances and mergers with other companies, allowing him to consolidate power and dominate the market, ultimately leading to the establishment of the Carnegie Steel Company as a leading force in the industry.
What are the advantages of production planning and control to a small scale industry discuss?
Advantages of production planning and control to a small scale industry are that, the industry is able to manage its finances, the industry controls the order and stock, there is no over or underproduction.
What what is it called when a single company Is strong enough to control an entire industry?
A monopoly
What is is called when a single company is strong enough to control an entrie industry?
A monopoly
Which terms means complete control over a particular industry or trade?
it means monopoly
Which word means complete control over a particular industry or trade?
The word that means complete control over a particular industry or trade is "monopoly." A monopoly occurs when a single company or entity dominates the market, eliminating competition and allowing it to set prices and dictate terms. This can lead to reduced consumer choices and can be subject to regulatory scrutiny.
When business gains complete control of an industry it is called?
When business gains complete control of an industry it is called a monopoly. In the United States, monopolies are illegal by statute.
What is it called when a company has complete control of an industry or service?
Sounds like a monopoly to me.
Why did companies form trusts?
Companies formed trusts in order to consolidate control over a particular industry or market, allowing them to eliminate competition and increase profits. By combining multiple companies under one trust, they could set prices, control production, and dominate the market. Trusts were a way for companies to work together to achieve greater power and influence.
What is it called when a business has complete control over an industry?
Monopoly
What describes a situation where a trust gains complete control of an industry?
Monopoly.
What was a trust during the gilded age?
A trust is when competing companies in an industry join together to control the industry. They form a monopoly.
What is a business consolidation whose aim is to monopolize and acquire control in a particular industry?
a trust
What is it called when a few large companies control an industry?
This is known as an oligopoly. They often work as a mechanism between companies to reduce competition and inflate prices for consumers.
What type of government takes complete control of the agriculture industry?
i think communistic i think communistic
What word means a business or industry having complete control over a product or service?
nothing
