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Again, men, women, and children worked in harsh conditions for long periods of time. Also, more and more goods were produced at lower prices. New methods were produced, such as the assembly line, which sped up production greatly.
Many businesses grew, and entrepreneurs began making monopolies and trusts...
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According to Clarkson (1990), "The entrepreneur, acting either as an individual or jointly with others in an organized association, having set up his business or taken over an existing one, could confine his activities to determining major policy decisions involving, inter alia, the exploration of technical and/or organization innovations and the continuous adaptation of the firm so as most profitably to exploit his chosen market"(p...
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