e government (pp. 151 - 153). complete the graph. 1. how were the new big businesses of this time different…

e government (pp. 151 - 153). complete the graph. 1. how were the new big businesses of this time different from traditional companies? 2. how did horizontal and vertical integration lead to larger companies? 3. why did the government adopt a laissez - faire policy toward business during this time

e government (pp. 151 - 153). complete the graph. 1. how were the new big businesses of this time different from traditional companies? 2. how did horizontal and vertical integration lead to larger companies? 3. why did the government adopt a laissez - faire policy toward business during this time

Answer

Brief Explanations:

  1. New big - businesses often had more capital, larger scale, and used advanced management techniques. They might have been involved in new industries and had different corporate structures compared to traditional companies.
  2. Horizontal integration involved merging with competitors, increasing market share and economies of scale. Vertical integration allowed control over the supply chain, reducing costs and increasing efficiency, both leading to growth in company size.
  3. The government adopted a laissez - faire policy to promote economic growth, believing that the free market would regulate itself without excessive government interference. This was thought to encourage innovation and competition.

Answer:

  1. New big businesses had more capital, larger scale, and new management/industry involvements.
  2. Horizontal integration increased market share, vertical integration controlled supply chain.
  3. To promote economic growth and let the free - market self - regulate.