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Q: What are owning all the businesses in a certain field?
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What are horizontal and vertical intergration?

Vertical Integration is owning a section of a business and horizontal integration is owning all businesses in a certain field.


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Under what economic system do all businesses operate only as direct by the government?

Under socialism the "businesses" are out and out owned by the government. Under fascism, the "businesses" are in theory private, but are controlled and licensed by the government. All governments to a certain degree have fascistic elements, as no business can be in business without complying with a variety of regulations, licenses and taxes.


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