Factory Owners

Definition

Factory owners are individuals or entities that own factories. They control production processes and make decisions about how their factories should operate.

Related terms

Capitalism: An economic system characterized by private ownership where investment is determined by private decision rather than state control.

Entrepreneurship: The activity of setting up businesses or industries while taking on financial risks in hope for profit.

Industrialists: Individuals whose wealth comes from ownership or control over industrial sectors like manufacturing.