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Chp 19 > Vocab > Flashcards

Vocab Flashcards

Study vocab

1
Q

Economic System where individuals control the means of production

A

Capitalism

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2
Q

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

A

Socialism

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3
Q

Farming crops and raising animals

A

Agriculture

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4
Q

Economic term for a good of value (machines, buildings, etc.)that creates value

A

Capital

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5
Q

a person who starts a business and is willing to risk loss in order to make money

A

Entrepreneur

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6
Q

A fabric that is woven or knit

A

Textile

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7
Q

Something (such as a problem or a type of behavior) that is unusual or unexpected

A

Aberration

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8
Q

Acting or done in a very open and shocking way without shame or embarrassment

A

Brazen

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9
Q

Not feeling or showing any concern about the problems or suffering of other people

A

Callous

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10
Q

Create, manufacture or make up

A

Fabricate

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11
Q

the science concerned with the process or system by which goods and services are produced, sold, and bought

A

Economics

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12
Q

A share of the value of a company which can be bought, sold, or traded as an investment

A

Stocks

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13
Q

Money that a bank or business will allow a person to use and then pay back in the future

A

Credit

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14
Q

Measure of people who are out of a job and looking for a job

A

Unemployment

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15
Q

A man made waterway

A

Canal

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16
Q

Process by which towns and cities are formed and become larger as more and more people begin living and working in central areas

A

Urbanization

17
Q

Organization of workers formed to protect the rights and interests of its members

A

Unions

18
Q

Movement towards more individual rights and democracy

A

Liberalism (18th and 19th century)

19
Q

The act of combining together

A

Unification

20
Q

A political philosophy of the 1700/1800s which sought to return to the old order of aristocratic rule

A

Conservatism (18th and 19th century)

Chp 19 (1 decks)

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