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SS Chapter 5
Question | Answer |
---|---|
goods | products that people make, use, or share |
entrepreneur | someone who takes risks to start a new business |
refinery | a factory that turns raw oil into a more useful product |
competition | the act of competing for customers |
monopoly | when one company has complete control over the goods in a certain market |
boom | a period of rapid economic growth |
trolleys | streetcars that run on tracks |
sanitation | includes the keeping up of sewage systems |
settlement houses | groups that provided services to immigrants and others living in cities |
innovation | a new idea, method, or device |
patent | an official document that gives an inventor the only right to make, sell, or use his or her invention |
laboratory | a building or room where experiments take place |