I
What is the organization of society around an economy based on the use of machines and factories?
Industrialism
What is the act of moving from one place to another to live?
Migration
What is the economic system that aims to increase a country’s wealth & power by controlling trade & people?
Mercantilism
What does Export mean?
to send goods to sell in another country
What does Import mean?
to bring goods into one country from another country
What is an organization formed by workers to win and protect workers’ rights?
Union
What is the system of keeping a place clean and free of disease?
Sanitation
What is something that can be used to make or create a product; for example, cotton is a used to make fabric?
Raw Material
What is it called when workers organize a temporary work stoppage as a protest.
Strike
Who is a person who puts money into a business with the goal of later making a profit?
Investor
What is the study of the management of money and resources to produce, buy, and sell goods and services?
Economics
What is a slum?
a crowded city neighborhood where buildings are in bad condition; often used to refer to areas where poor people live
What is the buying and selling of goods and services; trade?
Commerce
What is an economic system in which major industries are owned or regulated by the government, rather than by private businesses?
Socialism
What is money paid to an organization to become a member?
Dues
What is an economic system based on competition between private businesses, where the government does not control prices?
Free Market
Resources and businesses are privately owned and prices are not controlled by the government is what kind of economic system?
Capitalism
What is Supply and Demand?
the amount of goods and services available to buy compared with the amount that people want to buy.
Which system of representative government uses elements of capitalism and socialism to govern the economy?
Social Democracy
What are the rights that all citizens are supposed to have?
Civil Rights
What is Malnutrition?
a state of poor health due to not having enough healthy food
Who is a person who sells goods, services, or who invests money in a business; who participates in capitalism.
Capitalist
What philosophy calls for very little or no government involvement in the economy?
Laissez-Faire
Who are the upper or wealthy middle class; the people who owned the means of production, or what Karl Marx called “the haves”
Bourgeoisie
Who is a person that is opposed to new ideas? They protest against industrialization.
Luddite