Chpater 14 Flashcards
Nativist
One who advocates favoring native-born citizens over aliens or immigrants.
Factory
An establishment for the manufacturing of goods, including buildings and substantial machinery.
Trademark
A distinguishing symbol or word used by a manufacturer on its goods, usually registered by law to protect against imitators.
patent
The legal certification of an original invention, product, or process, guaranteeing its holder sole rights to profits from its use or reproduction for a specified period of time.
liability
Legal responsibility for loss or damage
incorporation
The formation of individuals into an organized entity with legally defined privileges and responsibilities
labor union
An organization of workers–usually wage-earning workers–to promote the interests and welfare of its members, often by collective bargaining with employers.
strike
An organized work stoppage by employees in order to obtain better wages, working conditions, and so on.
capitalist
An individual or group who uses accumulated funds or private property to produce goods for profit in a market.
turnpike
A toll road.
posterity
Later descendants or subsequent generations.
productivity
In economics, the relative capacity to produce goods and services, measured in terms of the number of workers and machines needed to create goods in a certain length of time.
Caste
An exclusive or rigid social distinction based on birth, wealth, occupation, and so forth.