Past Vocab
countryside
Rural
a farm that grows crops only to sell
Commercial Farm
business owner
Entrepreneur
A form of iron that is both durable and flexible.
Steel
Nonviolent refusal to continue to work until a problem is resolved
Strike
City
Urban
A business owned by stockholders who share in its profits but are not personally responsible for its debts
Corporation
An economic system in which people are allowed to choose their own jobs, start businesses, and make a profit.
Free-Enterprise
Process of making large quantities of a product quickly and cheaply
Mass Production
multi story building divided into crowded apartments
Tenement
the system of how people in a place (like a town, country, or the world) make, use, and share money, goods, and services
Economy
evil; dishonest; to break away from honesty
Corrupt
An improvement of an existing technological product, system, or method of doing something.
Innovation
Complete control of a product or business by one person or group
Monopoly
A group of corporations run by a single board of directors
Trust
increased use of mechanics to make products, not making things by hand
Industrial Revolution
moving things from place to place
Distribution
Idea that the government should play as small a role as possible in economic affairs.
Laissez-faire
The financial gain made in a transaction
Profit
An organization of workers that tries to improve working conditions, wages, and benefits for its members
Union