There are a lot of views. The excerpt best reflects The consolidation of power over the economy done by business leaders in the late 1800s.
What is economic consolidation?
In business, consolidation or amalgamation is said to be a form of joining together or merger and acquisition of many little firms to form or create a few bigger ones.
In terms of financial accounting, consolidation is known to be the compilations of financial statements of a firm as a term called consolidated financial statements.
Conclusively, The consolidation of power over the economy done was said to have been carried out by business leaders in the late 1800s.
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