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When businesses join together to pool their resources they form an organization called a?

When businesses join together to pool their resources, they form an organization called a consortium.


A person who owns most or all of the businesses within a industry is called?

magnate


A person who owns most or all of the businesses within an industry is called a .?

Magnate


An organization founded by businesses in a specific industry for the purpose of collaborating within the industry and advocating for their workers is called a?

trade association


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.


When government takes control of industry it is called?

nationalization


What is it called when a business has complete control over an industry?

Monopoly


Gaining almost total control of an industry called?

Monopoly.


An organization founded by businesses in a specific industry for the purpose of collaboration between companies is called a?

trade association


What is it called when a single company is strong to control an entire industry?

A monopoly


A loose arrangement of similar businesses formed to control production and keep prices high is called a?

A system of commerce where several companies work together to control prices and limit competition is called a conglomerate. It is also called a monopoly if the same company owns each one of the competing companies.


An organization founded by businesses in a specific industry for the purpose of collaboration between companies is called a(n)?

trade association