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In the Late 19th Century<br />Growth of Big Business...<br />
What is a Market???<br />A place where goods and services are bought and sold<br />There is competition between these plac...
A New Concept<br />Forming New Market Structures: <br />Way businesses form to make largest profit<br />Many new businesse...
New Structure<br />Monopoly:<br />What is the goal of the game of Monopoly?<br />Complete control of a product or service ...
New Idea<br />Oligopoly:<br />Market Structure dominated by only a few large firms which make a profit<br />Monopoly vs. O...
The Soda Pop Battle<br />
Let’s Work Together...<br />Cartel:<br />A loose association of businesses that make the same product<br />Agree to limit ...
Growing a Business<br />Different ways to grow a business and make it successful<br />Vertical Consolidation: (Integration...
Growing Business Part 2<br />Horizontal Consolidation: (Integration)<br />Bringing together of many firms in the same busi...
Class Activity<br />
Working Conditions<br />Factories get the nickname over time as being sweatshops<br />Factory where employees work long ho...
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Growth of big business(3)

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Growth of big business(3)

  1. 1. In the Late 19th Century<br />Growth of Big Business...<br />
  2. 2. What is a Market???<br />A place where goods and services are bought and sold<br />There is competition between these places<br />
  3. 3. A New Concept<br />Forming New Market Structures: <br />Way businesses form to make largest profit<br />Many new businesses struggle as start-up costs are high<br />
  4. 4. New Structure<br />Monopoly:<br />What is the goal of the game of Monopoly?<br />Complete control of a product or service = No Competition<br />Buy out competition or drive them out of business<br />Examples From Today:<br />
  5. 5. New Idea<br />Oligopoly:<br />Market Structure dominated by only a few large firms which make a profit<br />Monopoly vs. Oligopoly: What’s the Difference<br />Examples of Oligopolies Today<br />Sprint, Verizon, T-Mobile, & AT&T control 89%<br />Pepsi, Coke, & Cadbury control about 90%<br />
  6. 6. The Soda Pop Battle<br />
  7. 7. Let’s Work Together...<br />Cartel:<br />A loose association of businesses that make the same product<br />Agree to limit the supply: AKA- Price Fixing<br />These groups face strict government regulation and are illegal in the U.S. as of 1890<br />Example<br />OPEC: Organization of Petroleum Exporting Countries<br />
  8. 8. Growing a Business<br />Different ways to grow a business and make it successful<br />Vertical Consolidation: (Integration) <br />Gaining control of all different businesses that make up all phases of a product’s development<br />Used by Carnegie<br />Class Example: Bottle of Pepsi<br />Why does this idea work??<br />
  9. 9. Growing Business Part 2<br />Horizontal Consolidation: (Integration)<br />Bringing together of many firms in the same business<br />AKA: Buying out the Competition<br />Used by Rockefeller<br />Class Example: Bottle of Pepsi<br />How is this successful?<br />
  10. 10. Class Activity<br />
  11. 11. Working Conditions<br />Factories get the nickname over time as being sweatshops<br />Factory where employees work long hours at low wages and under poor working conditions<br />

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