Road Go Revolution Flashcards
Veto
The constitutional right of a ruler or executive activity by a single producer or business.
Monopoly
The complete control of a product or spear of economic activity by a single producer or a business.
Patronage
A system in which benefits, including jobs, money, or protection, are granted in exchange of political support
Duty
A custom tax on the export or import of goods.
Boycotts
An organized refusal to deal with some person or organization or to buy a certain product or service.
Mulatto
A person with mixed African and European ancestry.
Propaganda
A systemic program or particular materials designed to promote certain ideas; sometimes, but not always, the term is negatively used, implying the use of manipulative or deceptive means.
Mercantilism
Economic theory that closely linked a nation’s political and military power to its bullion (gold) reserves. Mercantilists generally favored protectionism and colonial acquisition as meant to increase exports.
Inflation
An increase in the supply of currency relative to the goods available, leading to a decline in the purchasing power of money and a corresponding rise in prices.