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Chapter 7 and 9 Vocabulary
Chapter 7 and 9 Vocabulary
7
Social Studies
9th Grade
01/14/2013

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Term
Capital
Definition
To sums of money or assets put to productive use.
Term
Entrepreneur
Definition
One who organizes the means of production, manages and assumes the risk of starting a business.
Term
Capitalism
Definition
Economic system that includes private ownership of the means of production and competition in a (free market)
Term
Socialism
Definition
Economic and political system advocating government ownership of the means of production.
Term
Communism
Definition
Economic and political systems advocating the elimination of private property.
Term
Laissez Faire
Definition
A doctrine opposing government
Term
Germ Theory
Definition
Some diseases that were discovered in the 19th century, caused microorganisms.
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