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15-1

A Changing Russia

TermDefinition
privatization transfer of ownership of businesses from the government to individuals
middle class part of society that is neither very rich nor poor but has enough money to buy cars, new clothing, electronics, and luxury items
underemployment situation that arises when a worker must take a job that requires lesser skills than he or she possesses
pensioner person who receives regular payments from the government because he or she is too old or sick to work
heavy industry manufacture of goods such as machinery, mining equipment, and steel
light industry manufacture of consumer goods such as clothing, shoes, furniture, and house hold products
comprise to be made up of
invest to lay out money so as to return a profit
volume amount
Created by: akennon