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Big Business page 16
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Handle: Document-26997
Owner: Fuller, Tina (User-7387, tfuller:DocuShare)DS
Friday, December 7, 2007 02:26:44 PM EST
Friday, December 7, 2007 02:26:44 PM EST
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Big Business &MonopoliesPage 16Slide 1 Comments2U.S.
  • economy originally based on “Laissez - faire”
Means government did not interfere with the economySlide 2 Comments3Principle of U.S.
  • economy =
Capitalism CapitalismCapitalism CapitalismCapitalism CapitalismSlide 3 Comments4CapitalismPeople own the businessesPrices based on supply and demandPrinciple - hard work will pay off - work hard to gain profitsSlide 4 Comments5Problems with “Laissez - Faire”Monopolies began to formMonopolies - businesses that tried to eliminate all competitionSlide 5 Comments6Problems with monopoliesHigher prices and fewer choices for consumersHigher prices caused pe...
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