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11
Social Studies
10th Grade
02/19/2012

Additional Social Studies Flashcards

 


 

Cards

Term
HBC
Definition
Hudson’s Bay Company
Term
ILO
Definition
International Labour Organization
Term
capitalism
Definition

an economic system based on

free markets, private ownership of business

and industry, and the profit motive

Term
entrepreneur
Definition

a person who sets up or

finances a new business or industry to makea profit

Term
free market
Definition

an economy in which

government does not interfere in business

activities; supply and demand are not

regulated, or are regulated with only minorrestrictions

Term
historical fiction
Definition

stories set in a

specific time and place in history,

sometimes using historical characters

Term
industrialization
Definition

the shift of a country’s

major economic activity from agriculture tothe shift of a country’s

major economic activity from agriculture to

Term
international trade
Definition

the exchange of raw

materials, goods, and services among

distant groups of people

Term
mercantilism
Definition

a Eurocentric economic

policy whereby European monarchs increased

their wealth through international trade

Term
monopoly
Definition

when a business has no competition in

a market, such as when a product or service is controlled by one company

Term
Euro centrism
Definition
European concern, cultures and value
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