Chpater 14 Vocabulary Flashcards
Nativist(s)
One who advocates favoring native-born citizens over aliens or immigrants.
Trademark
A distinguishing symbol or word used by a manufacturer on its goods, usually registered by law to protect against imitators.
Capitalist
An individual or group who uses accumulated funds or private property to produce goods for profit in a market.
Patents
The legal certification of an original invention, product, or process, guaranteeing its holder sole rights to profits from its use of 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
And organization of workers-usually wage-earning workers-to promote the interests and welfare of its members, often by collective bargaining with employers.
Strike
And organized work stoppage by employees in order to obtain better wages, working conditions, and so on.
McCormick’s reaper
Mechanized the harvest of grains, such as wheat, allowing farmers to cultivate larger plots.
Turnpike
Privately funded, toll-based public road constructed in the early 19th century to facilitate commerce.
Barter
The direct exchange of goods and services for one another, without the use of cash or any medium of exchange.
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.
Factory
An established for the manufacturing of goods, including buildings and substantial machinery.
Caste
An exclusive or rigid social distinction based on the birth, wealth, occupation, and so forth.
