| Term | Definition |
| entrepreneur | a person who organizes and manages an enterprise or business |
| robber baron | a term used to describe powerful business leaders during the post Civil war period |
| trust | a combination of firms or corporations for the purpose of reducing competition |
| philanthropist | a person who gives large amounts of money to charities |
| pooling | An agreement between competing businesses to establish control over production and prices |
| capitalism | an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly in competition in a free market. |
| monopolize | to dominate by excluding others |
| anti-trust laws | a series of laws passed by the U.S. government that tries to maintain competition and prevents business form getting a monopoly |
| price fixing | an un lawful agreement between manufactures to maintain specified prices on usually competing companies |
| rebate | a return of part of an amount given in payment |