Vocab Flashcards
Study vocab
Economic System where individuals control the means of production
Capitalism
A way of organizing a society in which major industries are owned andCapital controlled by the government rather than by individual people and companies similar to communism
Socialism
Farming crops and raising animals
Agriculture
Economic term for a good of value (machines, buildings, etc.)that creates value
Capital
a person who starts a business and is willing to risk loss in order to make money
Entrepreneur
A fabric that is woven or knit
Textile
Something (such as a problem or a type of behavior) that is unusual or unexpected
Aberration
Acting or done in a very open and shocking way without shame or embarrassment
Brazen
Not feeling or showing any concern about the problems or suffering of other people
Callous
Create, manufacture or make up
Fabricate
the science concerned with the process or system by which goods and services are produced, sold, and bought
Economics
A share of the value of a company which can be bought, sold, or traded as an investment
Stocks
Money that a bank or business will allow a person to use and then pay back in the future
Credit
Measure of people who are out of a job and looking for a job
Unemployment
A man made waterway
Canal
Process by which towns and cities are formed and become larger as more and more people begin living and working in central areas
Urbanization
Organization of workers formed to protect the rights and interests of its members
Unions
Movement towards more individual rights and democracy
Liberalism (18th and 19th century)
The act of combining together
Unification
A political philosophy of the 1700/1800s which sought to return to the old order of aristocratic rule
Conservatism (18th and 19th century)
