The Early Industrialists of the United States, Germany, and Japan

question 38

Multiple Choice

The early industrialists of the United States, Germany, and Japan relied heavily on

• A) free trade.
• B) private investment.
• C) protectionism.
• D) democratic institutions.

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Definitions:

ESOPs

Employee Stock Ownership Plans, which are programs that provide a company's workforce with ownership interest in the company through stocks.

Harvest Stage

The phase in a business or product lifecycle where maximum benefits and profits are extracted, often after the growth phase has plateaued.

Risk Averse

Refers to the preference of individuals or organizations to avoid risk, choosing the option with the least uncertainty.

Small Business Person

An individual who owns and operates a business that is typically defined by its small size in terms of revenue and number of employees.