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Lesson 4
Vocabulary
Term | Definition |
---|---|
surplus | more than is need or used |
charter | a written grant of rights and privileges by a ruler or government to a community, class of people, or organization |
journeyman | a person who finds work "day by day" |
guilds | an organization of people in the same credit or trade |
apprentice | a person who works for a master in a trade or credit in return for training |
commerce | doing business with other people |
common law | a body of rulings made by judges or very old traditional laws that become part of a nation's legal system |
Economics | the branch of knowledge concerned with the production, consumption and transfer of wealth |
Government | the governing body of a nation, state, or community |
Culture | the arts and other manifestations of human intellectual achievement regarded collectively |