The Authors State That "Competition Was the Bogeyman of Most

question 67

Essay

The authors state that "competition was the bogeyman of most business leaders" during the late nineteenth century. What do they mean by this? How did these business leaders respond to the bogeyman of competition?

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Definitions:

Precognition

The purported ability to foresee or have knowledge of future events before they occur.

Clairvoyance

The purported power to gather data about an object, a person, a location, or a physical happening through the use of extrasensory perception, bypassing traditional sensory channels.

Telepathy

The supposed communication of thoughts or ideas by means other than the known senses.

Psychokinesis

The purported skill to shift items solely through mental concentration.