The Large Amounts of Capital Needed for Business Expansion During

question 17

Short Answer

The large amounts of capital needed for business expansion during the Second Industrial Age were effectively raised by ____________________ companies.

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Definitions:

Efficiency

The condition in which the economy is producing what people want at least possible cost.

Free-Trade Zone

A designated area within a country where goods may be landed, handled, manufactured, or reconfigured without direct intervention of the customs authorities.

European Community

A precursor to the European Union, it was an economic and political union of European countries aiming to foster economic integration and cooperation.

North Atlantic Treaty Organization

A military alliance formed in 1949 comprising North American and European countries to provide collective defense against aggression.